A trio previously designated to serve as Bed Bath & Beyond Inc. board members by activist investor Ryan Cohen sought permission to use a company insurance policy to cover unspecified legal costs.
The independent directors—two former and one current—asked the US Bankruptcy Court for the District of New Jersey on Tuesday to allow them to tap a $10 million D&O policy to cover legal costs addressing a “a non-public, confidential matter” related to their time on the company’s board.
Ben Rosenzweig, Marjorie L. Bowen, and Shelly Lombard were all appointed in March 2022 as part of an agreement the home ...
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