NEW
YORK, Feb. 9, 2022 /PRNewswire/ -- The Gross Law
Firm issues the following notice on behalf of shareholders of
Sleep Number Corporation.
Shareholders who purchased shares of SNBR during the class
period listed are encouraged to contact the firm regarding possible
lead plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/sleep-number-corporation-loss-submission-form/?id=23454&from=4
CLASS PERIOD: February 18, 2021 to July 20, 2021
ALLEGATIONS: The complaint alleges that during the
class period, Defendants issued 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.
DEADLINE: February 14,
2022
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/sleep-number-corporation-loss-submission-form/?id=23454&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of SNBR during the timeframe
listed above, you will be enrolled in a portfolio monitoring
software to provide you with status updates throughout the
lifecycle of the case. The deadline to seek to be a lead plaintiff
is February 14, 2022. There is no
cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law Firm is
committed to ensuring that companies adhere to responsible business
practices and engage in good corporate citizenship. The firm seeks
recovery on behalf of investors who incurred losses when false
and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
View original
content:https://www.prnewswire.com/news-releases/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-sleep-number-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-february-14-2022--nasdaq-snbr-301477931.html
SOURCE The Gross Law Firm