Bed Bath & Beyond Suit Dismissed

Law360, New York (May 21, 2007, 12:00 AM EDT) -- A New York State Supreme Court judge has dismissed a complaint filed against retailer Bed Bath & Beyond over alleged options backdating, ruling that the plaintiffs did not adequately plead demand futility.

On Friday, Judge Charles Ramos granted Bed Bath & Beyond’s motion to dismiss the derivative suit, finding that the plaintiffs had not shown that they had taken remedial actions before filing the civil complaint.

“Defendant’s motion to dismiss the amended complaint is granted because plaintiff failed to make a demand on the board, and...
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