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Bed Bath & Beyond lawsuit against Hudson Bay dismissed on appeal

A judicial panel said contractual caps limited the hedge fund’s stake to under 10% at the time in question.

Reported · Written up by our desk · Equities

WSJ Markets reports that Bed Bath & Beyond’s successor asked to claw back short-term trading profits tied to a Hudson Bay hedge fund stake. A judicial panel upheld the dismissal on appeal, citing contractual caps that kept the hedge fund’s stake under 10%.

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Sources

WSJ MarketsBed Bath & Beyond Lawsuit Against Hudson Bay Tossed on Appeal

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