Tempur Sealy International, Inc.
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The Pawar Law Group announces a class action lawsuit on behalf of Tempur Sealy International, Inc. (TPX) investors who purchased Tempur Sealy stock between July 28, 2016 and January 27, 2017, inclusive (the “Class Period”). The suit is for recovery of investor losses.
No class has been certified in the above action yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.
According to the complaint, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) Tempur Sealy’s largest customer, Mattress Firm Holding Corp. (“Mattress Firm”), had been engaged in active negotiations to be acquired, which was reasonably likely to have a material adverse effect in Tempur Sealy’s 2016 third and fourth quarter operating results; (2) Tempur Sealy was engaged in active discussions with Mattress Firm concerning modifications to their long-term supply agreements; (3) Mattress Firm had been seeking significant economic concessions from Tempur Sealy; (4) defendants lacked a reasonable basis for Tempur Sealy’s positive statements about Mattress Firm; and (5) as a result, defendants lacked a reasonable basis for their positive statements about Tempur Sealy’s business and future financial prospects. When the true details entered the market, the lawsuit claims that investors suffered damages.
If you wish to serve as lead plaintiff, you must move the Court no later than May 23, 2017. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. You may join the case here: http://pawarlawgroup.com/cases/tempur-sealy-international-inc/ or email Vik Pawar, Esq. at email@example.com
Vik Pawar, Esq.
Pawar Law Group
20 Vesey Street, Suite 1210
New York, NY 10007
Tel: (212) 571-0805
Fax: (212) 571-0938