Deadline on February 14th coming up in Lawsuit for Investors in Sleep Number Corporation (NASDAQ: SNBR)

A deadline is coming up on February 14, 2022 in the lawsuit filed for certain investors of Sleep Number Corporation (NASDAQ: SNBR) over alleged securities laws violations by Sleep Number Corporation.

Investors who purchased shares of Sleep Number Corporation (NASDAQ: SNBR) have certain options and there are strict and short deadlines running. Deadline: February 14, 2022. NASDAQ: SNBR stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the District of Minnesota the plaintiff alleges on behalf of purchasers of Sleep Number Corporation (NASDAQ: SNBR) common shares between February 18, 2021 and July 20, 2021, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between February 18, 2021 and July 20, 2021, the defendants made false and misleading statements and failed to disclose that Sleep Number had suffered a severe disruption in its supply chain for foam as a result of Winter Storm Uri, that 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, that 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, that thus, Sleep Number was unable to meet surging customer demand for Sleep Number’s products, and that, as a result, 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 Sleep Number’s financial results.

Those who purchased shares of Sleep Number Corporation (NASDAQ: SNBR) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.