NEW YORK, December 19, 2021 / PRNewswire / –
WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of the buyers of the securities of Sleep Number Corporation (NASDAQ: SNBR) between February 18, 2021 and July 20, 2021, inclusive (the “Remedy Period”). A class action has already been filed. If you wish to act as the principal applicant, you must apply to the Court not later than February 14, 2022.
SO WHAT: If you purchased Sleep Number securities during the Class Period, you may be entitled to compensation without payment of out-of-pocket expenses or fees under a contingency fee agreement.
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 by emailing [email protected] or [email protected] for information on the class action. A class action has already been filed. If you wish to act as the principal applicant, you must apply to the Court not later than February 14, 2022. A principal plaintiff is a representative party acting on behalf of the other members of the class to direct the litigation.
WHY THE ROSEN LAW: We encourage investors to select qualified advisors with a track record of success in leadership roles. Often, companies providing reviews do not have comparable experience, resources or peer recognition. Many of these companies do not actually litigate class actions in securities. Be wise in choosing the right lawyer. Rosen law firm represents investors around the world, focusing its practice on class actions in securities and derivative litigation between shareholders. Rosen law firm has secured 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 been ranked in the top 4 every year since 2013 and has recovered hundreds millions of dollars for investors. In 2019 alone, the company achieved more than $ 438 million for investors. In 2020, founding partner Laurence Rosen has been named by law360 as Titan of the Plaintiff’s 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 litigation period made false and / or misleading statements and / or failed to disclose that: (1) Sleep Number had suffered a serious disruption in its foam supply chain after Winter storm Uri; (2) Sleep Number had not implemented the supply chain flexibility, redundancies and inherent safeties, as presented to investors, sufficient to compensate for the disruption of foam supply caused by Winter storm Uri; (3) because foam was a necessary component for the production of Sleep Number of its main mattress products, Sleep Number’s ability to respond to customer orders in a timely manner had been significantly reduced; (4) thus, Sleep Number has not been able to meet increasing customer demand for Sleep Number products; and (5) as a result, Sleep Number was forced to delay mattress shipments to end consumers, pushing millions of dollars in sales in subsequent quarters and negatively impacting Sleep Number’s financial results. When the real details entered the market, the lawsuit claims that investors have suffered damage.
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 by emailing [email protected] or [email protected] for information on the class action.
No class has been certified. Until a group is certified, you are not represented by a lawyer unless you hire one. You can choose the lawyer of your choice. You can also remain an absent group member and do nothing at this point. The ability of an investor to participate in any potential future payback does not depend on whether he is a principal applicant.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40th Floor
New York, New York State 10016
Phone. : (212) 686-1060
Toll free: (866) 767-3653
Fax: (212) 202-3827
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SOURCE Rosen Law Firm, PA