Bed Bath & Beyond Inc's Chief Financial Officer Gustavo Arnal fell to his death from New York's Tribeca skyscraper known as the "Jenga" tower.

on Friday afternoon, police said, just days after a lawsuit alleged he was involved in a "pump and dump" scheme.

The class action lawsuit listed Arnal as one of the defendants and was brought by a group of shareholders who claimed they lost around $1.2 billion.

The lawsuit also alleged that he also issued materially misleading statements to investors.

The company did not respond to a request for comment on the lawsuit.

The death of the CFO was reported earlier by the New York Post while the lawsuit was reported first by the Daily Mail.

Bed Bath & Beyond forecast a bigger-than-expected 26% slump in same-store sales for the

second quarter and said it would retain its buybuy Baby business, which it had put up for sale.