GameStop (GME) CEO Ryan Cohen and his firm have had part of a lawsuit dismissed that accused both of raking in $47 million through insider trading of Bed Bath & Beyond shares, Bloomberg reported Monday.
The lawsuit, brought by the corporation that once was Bed Bath & Beyond, alleged short-swing profits violating securities laws.
Bloomberg said that US District Judge Naomi Buchwald in the Southern District of New York partially dismissed the case.
GameStop did not immediately respond to MT Newswires request for comment.
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