The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors that: (1) Sleep Number had suffered a severe disruption in its supply chain for foam as a result of Winter Storm Uri (2) 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 (3) because foam was a necessary component for Sleep Numbers production of its primary mattress products, Sleep Numbers ability to timely fulfill customer orders had been materially impaired (4) thus, Sleep Number was unable to meet surging customer demand for Sleep Numbers products and (5) 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 Numbers financial results.įollow us for updates on LinkedIn, Twitter, or Facebook.
Linehan, of GPM at 31, Toll-Free at 88, or via email at to learn more about your rights. If you wish to serve as lead plaintiff of the Sleep Number lawsuit, you can submit your contact information at You can also contact Charles H. (PRNewsfoto/Glancy Prongay & Murray LLP) (PRNewswire)Ĭlass Period: Febru– JLead Plaintiff Deadline: February 14, 2022
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