Bed Bath & Beyond's ousted CEO says he's not to blame for the company's failed turnaround and demands his $6.7 million severance

• Former Bed Bath & Beyond CEO Mark Tritton is suing the company, alleging non-payment of his severance agreement.
• The lawsuit, filed Friday in New York, also sets up a full-throated defense of his failed turnaround strategy.
• Bed Bath & Beyond said Thursday it needs to raise up to $300 million in new funding to avoid bankruptcy.

The number of former Bed Bath & Beyond employees not receiving severance payments is now larger by one.