Investment firm JAT Capital sent a scathing letter to the board of the new Bed Bath & Beyond on Friday saying it has refused to answer questions from shareholders and is engaging in what the investment firm called unprecedented "poor behavior."
Earlier this month, JAT called on Beyond to fire Johnson.
In its letter, dated Friday, JAT questioned why Johnson's board seat was removed after his ouster and said it was an attempt to weaken "shareholders ability to have a say."
JAT called on Beyond's board to answer its questions, once and for all, and for everyone from vendors to sell-side analysts to demand more transparency.
The actions cited below which the Board has taken in the last 60 days appear to be to the detriment of the company and shareholders," the letter states.
Persons:
Jonathan Johnson's, JAT's, John Thaler, JAT, Johnson, Jonathan, Marcus Lemonis, Marcus Lemonis wasn't, Allison Abraham, Marcus, Dave Nielsen
Organizations:
JAT Capital, Inc, JAT
Locations:
Bath, CNBC's