WHY: New York, NY – 
of the securities of Sleep Number Corporation (NASDAQ: SNBR) between February
18, 2021 and July 20, 2021, inclusive (the “Class Period”), of the important
February 14, 2022 lead plaintiff deadline.
purchased Sleep Number securities during the Class Period you may be entitled to
compensation without payment of any out of pocket fees or costs through a
contingency fee arrangement.
WHAT TO DO NEXT: To join the Sleep Number class action, go to http://www.rosenlegal.com/cases-register-2225.html
or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on
the class action. A class action lawsuit has already been filed. If you wish to
serve 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 in directing the litigation.
WHY ROSEN LAW: We
encourage investors to select qualified counsel with a track record of success
in leadership roles. Often, firms issuing notices do not have comparable
experience, resources or any meaningful peer recognition. Many
of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents
investors throughout the globe, concentrating its practice in securities class
actions and shareholder derivative litigation. Rosen Law Firm has achieved the
largest ever securities class action settlement against a Chinese Company.
Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for
number of securities class action settlements in 2017. The firm has been ranked
in the top 4 each year since 2013 and has recovered hundreds of millions of
dollars for investors. In 2019 alone the firm 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 attorneys have been recognized by
Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants throughout the
Class Period made false and/or misleading statements and/or failed to disclose
that: (1) Sleep Number had suffered a severe disruption in its supply chain for
foam as a result of Winter Storm Uri; (2) Sleep Number did not have in place
the supply chain flexibility, redundancies, and fail-safes, as had been
represented to investors, sufficient to offset the foam supply disruption
caused by Winter Storm Uri; (3) because foam was a necessary component for
Sleep Number’s production of its primary mattress products, Sleep Number’s
ability to timely fulfill customer orders had been materially impaired; (4) thus,
Sleep Number was unable to meet surging customer demand for Sleep Number’s
products; and (5) as a result, Sleep Number had been forced to delay mattress
shipments to end consumers, pushing millions of dollars’ worth of sales into
subsequent quarters and negatively impacting Sleep Number’s financial results. When
the true details entered the market, the lawsuit claims that investors suffered
damages.
To join the Sleep Number class
action, go to http://www.rosenlegal.com/cases-register-2225.html
or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on
the class action.
No
Class Has Been Certified. Until a class is certified, you are not represented
by counsel unless you retain one. You may select counsel of your choice. You
may also remain an absent class member and do nothing at this point. An
investor’s ability to share in any potential future recovery is not dependent upon
serving as lead plaintiff.
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Prior results do not guarantee a similar outcome.
——————————-
Contact
Information:
Laurence
Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com
View the original release on www.newmediawire.com