Tempur-Pedic International Inc. : The Law Firm of Levi & Korsinsky Notifies Investors with Losses on Their Investment in Tempur-Pedic International Inc. of Class Action Lawsuit and the Deadline of August 20, 2012 to Seek a Lead Plaintiff Position
06/21/2012| 03:45pm US/Eastern
Levi & Korsinsky announces that a class action lawsuit has been
commenced in the United States District Court for the Eastern District
of Kentucky on behalf of investors who purchased Tempur-Pedic
International Inc. ("Tempur-Pedic" or the "Company") (NYSE: TPX) stock
between January 25, 2012 and June 5, 2012.
For more information, click here: http://zlk.9nl.com/tempur-pedic-international-tpx/.
There is no cost or obligation to you.
Lead Plaintiff Filing Deadline: August 20, 2012
The complaint alleges that Tempur-Pedic concealed that: (a) its
competitive position had drastically weakened; (b) it was experiencing
severe negative effects from competition; (c) its outlook for 2012 net
sales and earnings per share was, in fact, negative; and (d) as a
result, it lacked a reasonable basis for the positive statements made
concerning its condition, competitive position, and outlook.
On May 7, 2012, Tempur-Pedic stated it would offer one of its most
popular mattress models at a significant discount--an unprecedented move
by the Company in the context of a non-clearance model. Upon this news,
the Company's stock fell 14.85 percent, to close at $48.29 per share on
May 7, 2012. Then on June 6, 2012, the Company announced that it was
slashing its recently confirmed outlook for full-year net sales by more
than 10% and earnings per share by nearly 29%. The Company's stock price
then fell 48%, to close at $22.39 per share on June 6, 2012.
If you suffered a loss in Tempur-Pedic you have until August 20, 2012 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 Joseph E. Levi,
Esq. either via email at email@example.com
or by telephone at (877) 363-5972, or visit http://zlk.9nl.com/tempur-pedic-international-tpx/.
Levi & Korsinsky is a national firm with offices in New York and
Washington D.C. The firm has extensive expertise in prosecuting
securities litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. For more
information, please feel free to contact any of the attorneys listed
below. Attorney advertising. Prior results do not guarantee similar
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Toll Free: 877-363-5972
© Business Wire 2012