12/19/2023 0 Comments Sleep number press mediaPrior results do not guarantee similar outcomes.ĬONTACT: Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. You are not required to act as a lead plaintiff in order to share in any recovery. ![]() There is no cost or obligation to you.ĪBOUT THE ACTION: The class action against Sleep Number includes allegations that the Company made materially false and/or misleading statements and/or failed to disclose that: (a) Sleep Number had suffered a severe disruption in its supply chain for foam as a result of Winter Storm Uri (b) 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 (c) 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 (d) as a result of (a)-(c) above, Sleep Number was unable to meet surging customer demand for the Company's products and (e) as a result of (a)-(d) above, 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 the Company's financial results.Īggrieved Sleep Number investors only have until Februto request that the Court appoint you as lead plaintiff. If you suffered a loss on your investment in Sleep Number, contact us about potential recovery by using the link below. The Law Offices of Vincent Wong announce that a class action lawsuit has commenced on behalf of investors who purchased between Februand July 20, 2021. 7, 2022 /PRNewswire/ - Attention Sleep Number Corporation ("Sleep Number") (NASDAQ: SNBR) shareholders:
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