Bed Bath & Beyond Estate Wants Former Shareholder Sanctioned

An administrator overseeing the wind-down of Bed Bath & Beyond Inc.'s bankruptcy estate asked the court to sanction a former shareholder over a request for an equity committee, months after a restructuring plan was confirmed.

Michael Goldberg of Akerman LLP, the plan administrator for Bed Bath & Beyond’s wind-down, doubled down on his June opposition of the former shareholder’s request for the appointment of an equity security holders’ committee. The Justice Department’s bankruptcy watchdog, the US Trustee, also opposed the former shareholder’s committee request in June.

An anonymous former shareholder has made “frivolous and legally deficient” allegations, and hasn’t identified ...