Bed Bath & Beyond Meme Stock Claims Tossed; Cohen Claims Stick

Activist investor Ryan Cohen and his company RC Ventures LLC are still on the hook for an alleged pump-and-dump scheme with Bed Bath & Beyond Inc. stock, a federal judge in Washington, D.C. ruled Thursday in a shareholder dispute.

Judge Trevor N. McFadden stayed all claims against the now bankrupt household goods retailer and granted CEO Sue Gove’s motion to dismiss the claims against her. Cohen and his investment operation, however, are still potentially liable for insider trading and misleading investors.

“Cohen first drove up the price, using his influence to mislead investors into buying or holding Bed Bath ...