OSTK - Bed Bath & Beyond Bombshell - Ex-Employees Allege Millions Of Loss From 401(k) Fiasco Following Bankruptcy Shocker: Report | Benzinga
Former employees of Bed Bath & Beyond Inc.(OTC: BBBYQ) reportedly filed a lawsuit against the committee responsible for overseeing its 401(k) retirement plan.
The ex-employees claim a loss exceeding $5 million from their MassMutual "guaranteed investment account," which was believed to pose minimal risk, Reuters reported.
The MassMutual investment account suffered a 10% loss because rising interest rates hurt the value of ...