NEW YORK–(BUSINESS WIRE)–WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Sleep Number Corporation (NASDAQ: SNBR) between February 18, 2021 and July 20, 2021 inclusive (the “Class Period”) , the important February 14, 2022 lead applicant deadline.
SO WHAT: If you purchased Sleep Number securities during the Class Period, you may be entitled to compensation without payment of disbursements or fees through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Sleep Number class action lawsuit, go to http://www.rosenlegal.com/cases-register-2225.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for class action information. A class action lawsuit has already been filed. If you wish to act as lead plaintiff, you must move the Court no later than February 14, 2022. A lead plaintiff is a representative party acting on behalf of other class members to direct litigation.
WHY THE ROSEN LAW: We encourage investors to select qualified attorneys with proven track records in leadership roles. Often, companies issuing reviews do not have comparable experience, resources, or significant peer recognition. Many of these firms do not actually handle securities class action lawsuits, but are merely middlemen who refer clients or partner with law firms that actually litigate the cases. Be wise in choosing lawyers. Rosen Law Firm represents investors worldwide, focusing its practice on securities class action and shareholder derivative litigation. Rosen Law Firm has reached the largest securities class action settlement against a Chinese company. Rosen Law Firm was ranked #1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has ranked in the top 4 every year since 2013 and has recovered hundreds of million dollars for investors. In 2019 alone, the company secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: According to the lawsuit, the defendants throughout the class action period made false and/or misleading statements and/or failed to disclose that: (1) Sleep Number suffered a severe disruption of its supply chain by foam following winter storm Uri; (2) Sleep Number had not implemented the supply chain flexibility, redundancies and safeties, as represented to investors, sufficient to compensate for the disruption in foam supply caused by the winter storm Uri; (3) because foam was a necessary component in Sleep Number’s production of its core mattress products, Sleep Number’s ability to respond to customer orders in a timely manner was significantly impaired; (4) as a result, Sleep Number has been unable to meet growing customer demand for Sleep Number’s products; and (5) as a result, Sleep Number had been forced to delay shipments of mattresses to end consumers, pushing millions of dollars in sales into subsequent quarters and negatively impacting Sleep Number’s financial results. When the real details entered the market, the lawsuit claims investors suffered damages.
To join the Sleep Number class action lawsuit, go to http://www.rosenlegal.com/cases-register-2225.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for class action information.
No class has been certified. Until a class is certified, you are not represented by an attorney unless you retain one. You can choose the lawyer of your choice. You can also remain an absent group member and do nothing at this point. An investor’s ability to participate in any potential future recovery does not depend on their status as lead plaintiff.
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