Alexandra Cadenas-Arnal Wiki
Alexandra Cadenas-Arnal Biography
Who is Alexandra Cadenas-Arnal ?
The wife of a Bed Bath & Beyond executive was in her luxurious New York City apartment on Friday when she suddenly jumped to her death.
Gustavo Arnal, 52, the company’s financial director, did not say a word to his wife, Alexandra Cadenas-Arnal, before taking his own life on Friday.
She also didn’t leave a note, the New York Post reports, explaining why she jumped from the 18th floor of the famous ‘Jenga’ tower in the Tribeca neighborhood of lower Manhattan on Friday.
Family
Arnal now leaves behind his wife, Alexandra, to whom he was married for 28 years, as well as two adult daughters.
They were seen Sunday morning leaving his posh apartment building apparently on their way to make funeral arrangements.
As the family approached a dark SUV, the Post reports, a doorman told his crying wife, “I’m so, so sorry.”
Gustavo Arnal, 52, right, allegedly didn’t say a word to his wife in their New York City apartment before jumping from the 18th floor of the famed “Jenga” building in the city’s Tribeca neighborhood. New York on Friday.
Arnal, on the right, leaves behind his wife, Alexandra Cadenas-Arnal, and two adult daughters.
Arnal served as CFO at Bed Bath & Beyond, which had been struggling due to the economic downturn.
Death
Authorities say the calls about the jump at 56 Leonard Street near Church Street came in around 12:30 p.m. m. of Friday.
Arnal was identified as the jumper in the 57-story building, where apartments cost up to $50 million, on Friday afternoon, according to the New York Post.
City EMS officials responded to the incident and were seen carrying the man’s body in a black body bag.
A second person, also unidentified, was hospitalized with minor injuries, according to an FDNY spokesperson.
A woman was seen looking distraught and crying near the building before finally getting into the ambulance. The FDNY spokesman could not confirm the age or gender of the person hospitalized.
His death came at a difficult time for the home goods chain.
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The lawsuit, filed in the United States District Court for the District of Columbia on August 23, alleges that Cohen approached Arnal about a plan to control the shares of Bed Bath and Beyond so they could both turn a profit.
As part of the plan, the suit states, Arnal “agreed to regulate all inside sales by BBBY officers and directors to ensure that the market is not flooded with a large number of BBBY shares at any one time.”
He then allegedly issued ‘materially misleading statements made to investors regarding the company’s strategic plans, BBBY’s financial condition…and stock holding and sales reports’ to help boost stock prices.
When Arnal sold more than 42,000 shares of the company two weeks ago, it was valued at $1 million, according to MarketBeat.com.
The class action lawsuit was filed by Virginia resident Pengcheng Si on behalf of all those who purchased Bed Bath & Beyond stock between March 25 and August 18.
They are now seeking damages for the alleged ‘pump and dump’ scheme, alleging that Cohen offered to buy a large stake in the company, including purchase options on more than 1.6 million jackrabbits priced between $60 and $80.
In exchange, the suit alleges, Arnal would ensure that the experts did not flood the market with the shares.
He did so, allegedly by making “materially misleading statements and omissions” about the company’s financial position in an effort to artificially inflate the stock price, the suit says.
“As of mid-August 2022, BBBY appeared, based on public statements and company financial reports, to be a successful turnaround company,” he alleges.
But in reality, he says, Arnal ‘blatantly misrepresented [the company’s] value and profitability, causing BBBY to report earnings that were fictitious [and] publicly announce that the company is on track to spin off Buybuy Baby to ‘unlock the full value’. ‘ of this ‘tremendous asset’.
However, Buybuy Baby was not doing well financially, the lawsuit states.
Alexandra Cadenas-Arnal Quick and Facts
- Gustavo Arnal, 52, the chief financial officer for Bed Bath & Beyond, did not say a word to his wife (who was with him in their New York City apartment) before he took his own life on Friday
- He also did not leave behind a note explaining why he jumped from the 18th floor of the famous ‘Jenga’ tower in lower Manhattan’s Tribeca neighborhood
- But he was named in a lawsuit claiming he artificially inflated share prices just one week before his death
- The lawsuit, filed August 23, claims a majority shareholder approached Arnal about a plan to control shares of the company so they could both profit
- It alleges he put out ‘materially misleading statements’ showing the company’s finances were improving to artificially raise the share prices
- Arnal leaves behind his wife of 28 years and two adult daughters
Source: https://wikisoon.com/
