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NEW YORK, April 05, 2017 -- The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Southern District of New York on behalf of investors who purchased Tempur Sealy International, Inc. (“Tempur Sealy”) (NYSE:TPX) securities between July 28, 2016 and January 27, 2017.
Click here to learn about the case: http://www.wongesq.com/pslra/tempur-sealy-international-inc. There is no cost or obligation to you.
According to the complaint, throughout the class period Tempur Sealy issued materially false and/or misleading statements, including that: (i) during the Class Period, Mattress Firm Holding Corp. ("Mattress Firm"), the Company's largest customer which accounted for approximately 25% of the Tempur Sealy's 2015 net sales, had been engaged in active negotiations to be acquired and that any such acquisition was reasonably likely to have a material adverse effect in Tempur Sealy's 2016 third and fourth quarter operating results; (ii) during the Class Period, Tempur Sealy was engaged in active discussions with Mattress Firm concerning modifications to their long-term supply agreements; (iii) Mattress Firm had been seeking significant economic concessions from Tempur Sealy during the Class Period; (iv) defendants lacked a reasonable basis for the Company's positive statements associated with Mattress Firm; and (v) accordingly, defendants lacked a reasonable basis for their positive statements about Tempur Sealy's business and financial prospects.
If you suffered a loss in Tempur Sealy you have until May 23, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional information, contact Vincent Wong, Esq. either via email [email protected], by telephone at 212.425.1140, or visit http://www.wongesq.com/pslra/tempur-sealy-international-inc.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Vincent Wong, Esq. 39 East Broadway Suite 304 New York, NY 10002 Tel. 212.425.1140 Fax. 866.699.3880 E-Mail: [email protected]
