Thornton Law Firm Reminds Sleep Number (SNBR) Investors of Securities Class Action Lawsuit | 2022-01-11 | Press Releases

Boston, Massachusetts – (Newsfile Corp. – Jan 11, 2022) – Thornton law firm is alerting investors that a class action lawsuit has been filed on behalf of investors with Sleep Number Corporation (NASDAQ: SNBR). Investors who purchased Sleep Number common stock between February 18, 2021 and July 20, 2021 should contact the Thornton Law Firm investor protection team at www.tenlaw.com/cases/Sleep-Number for more information . Investors can also email investoren@tenlaw.com or call 617-531-3917.

FURTHER INFORMATION: www.tenlaw.com/cases/Sleep-Number

In the case, it alleges that Sleep Number and its officers have made misleading statements to investors and have failed to disclose that: (i) Sleep Number suffered a serious disruption in its foam supply chain as a result of Winter Storm Uri; (ii) Sleep Number did not have the supply chain flexibility, redundancy and resiliency as presented to investors, sufficient to offset the foam disruption caused by winter storm Uri; (iii) since foam was a necessary component in the production of Sleep Number’s main mattress products, Sleep Number’s ability to meet customer orders on a timely basis was severely impaired; (iv) as a result, Sleep Number has been unable to meet increasing customer demand for Sleep Number products; and (v) as a result, Sleep Number was forced to postpone shipments of mattresses to end users, driving millions in sales into subsequent quarters and adversely affecting Sleep Number’s financial results.

The case is currently at the main plaintiff stage. A lead plaintiff is acting on behalf of all other members of the investor group in administering the class action. Investors don’t have to be a lead plaintiff to be a class plaintiff. If investors do nothing, they can remain an absent class member. The class is not yet certified. Investors will not be represented by a lawyer until they have been certified. Thornton law firm is not currently representing a plaintiff who has filed a complaint but is investigating the case on behalf of investors interested in being lead plaintiffs.

FURTHER INFORMATION: www.tenlaw.com/cases/Sleep-Number

Thornton Law Firm’s securities attorneys are very experienced in representing investors in claiming damages caused by violations of securities laws. His attorneys have a track record of litigating securities cases in courts across the country and recovering losses on behalf of investors. This may be viewed as a lawyer solicitation in some jurisdictions. Past results do not guarantee or predict a similar result with respect to future matters.

CONTACT:

Thornton Law Firm LLP

1 Lincoln Street

State Street Financial Center

Boston, MA 02111

www.tenlaw.com/cases/Sleep-Number

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/109688

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