NEW YORK, January 10, 2022 / PRNewswire / – The following statement is issued by Levi & Korsinsky, LLP:
To: All natural or legal persons who purchase the securities of. bought or otherwise acquired Sleep Number Corporation (“Sleep Number” or the “Company”) (NASDAQ: SNBR) between February 18, 2021 and July 20, 2021. You will hereby be notified that a securities class action was initiated in The United States District Court for the district Minnesota. For more information go to:
or contact Joseph E. Levi, Esq. either by email to [email protected] or by phone at (212) 363-7500. There are no costs or obligations for you.
Sleep Number Corporation NEWS – SNBR NEWS
CASE DETAILS: The complaint filed states: (a) Sleep Number had suffered a serious disruption in its foam supply chain due to Winter storm Uri; (b) Sleep Number did not have the flexibility of the supply chain, redundancies and resilience as presented to investors, sufficient to ensure that the. to compensate for any interruption in the foam supply Winter storm Uri; (c) because foam was a necessary component in the production of Sleep Number’s primary mattress products, Sleep Number’s ability to meet customer orders on a timely basis was severely impaired; (d) due to (a) – (c) above, Sleep Number has been unable to meet increasing customer demand for the Company’s products; and (e) due to (a) – (d) above, Sleep Number was forced to postpone shipping of mattresses to end users, driving multi-million dollar sales into subsequent quarters and adversely affecting the company’s financial results.
WHAT THIS MEANS FOR THE SHAREHOLDERS: If you’ve suffered a loss of sleep, you’ve got up February 14, 2022 to request that the court appoint you as the lead plaintiff. Your ability to partake in a recovery does not require you to act as the lead plaintiff.
NO COST TO YOU: If you have Sleep Number securities between February 18, 2021 and July 20, 2021 You may be entitled to compensation without paying any expenses or fees.
PROTECT YOUR FINANCIAL INTERESTS: Fill out this short submission form:
or call 212-363-7500 to discuss the case Joseph E. Levi, Esq.
WHY LEVI & KORSINSKY: Levi & Korsinsky have a proven record of winning hundreds of millions of dollars worth of cases for shareholders over a period of 20 years. We represent and fight for shareholders who have been disadvantaged by companies.
Levi & Korsinsky is a nationally recognized company with offices in new York, California, Connecticut, and Washington, DC Founding partner of the company, Joseph Levi and Eduard Korsinsky, representing shareholders and institutional clients for nearly 20 years, have achieved remarkable results for clients in the US and internationally. The company, with more than 70 employees, is committed to promoting, maintaining and maintaining a culture of diversity, equality and inclusion for employees and those we represent. Our attorneys have extensive experience representing investors in securities disputes with a track record of recovering hundreds of millions of dollars in cases. Levi & Korsinsky was ranked one of the leading securities litigation firms in the SCAS Top 50 Report by Institutional Shareholder Services (“ISS”) for 7 years in a row The United States. The SCAS Top 50 Report identifies the leading securities law firms in the country, and year on year ISS has recognized Levi & Korsinsky as the leading law firm in securities class action.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
SOURCE Levi & Korsinsky, LLP