NEW YORK, Feb. 11, 2022 /PRNewswire/ -- Jakubowitz Law
announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of Sleep Number Corporation
(NASDAQ: SNBR).
To receive updates on the lawsuit, fill out the form:
https://claimyourloss.com/securities/sleep-number-corporation-loss-submission-form/?id=23551&from=4
The lawsuit seeks to recover losses for shareholders who
purchased Sleep Number between February 18,
2021 and July 20, 2021.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
February 14, 2022 to petition
the court. Your ability to share in any recovery doesn't require
that you serve as a lead plaintiff.
According to a filed complaint, Sleep Number Corporation 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.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
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SOURCE Jakubowitz Law