Ryan & maniskas, llp announces investigation of tempur-pedic
international, inc.
Wayne, pa.--(business wire)--ryan & maniskas, llp (www.rmclasslaw.com/cases/tpx) has commenced an investigation into potential securities law violations by certain officers of tempur-pedic international, inc. (“tempur-pedic” or the “company”) (nyse: tpx). the investigation focuses on allegations that certain statements issued by the company regarding tempur-pedic’s business, operations and financial condition were false and misleading. tempur-pedic shareholders who purchased shares of tempur-pedic between january 24, 2012-june 5, 2012 should contact richard a. maniskas, esquire at 877-316-3218 or at rmaniskas@rmclasslaw.com to learn more about this investigation. on june 6, 2012, the company’s stock plunged nearly 50% after the luxury mattress maker cut its full-year profit and revenue forecasts amid lower-than-expected second quarter sales in north america. tempur-pedic is now predicting earnings of $2.70 per share for 2012 versus a previous forecast of as much as $3.95 per share. we are investigating as to whether the previous guidance issued by tempur-pedic had any real basis and as to when company insiders became aware of the earnings shortfall. the company had recently initiated a buyback program concurrently with insiders selling their own shares, raising concerns as to whether insiders were selling shares without disclosing material information to the market to keep the stock price artificially inflated. if you purchased tempur-pedic shares and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact richard a. maniskas, esquire toll-free: (877) 316-3218 or visit: www.rmclasslaw.com/cases/tpx. you may also email mr. maniskas at rmaniskas@rmclasslaw.com. for more information about class action cases in general, please visit our website: www.rmclasslaw.com. ryan & maniskas, llp is a national shareholder litigation firm. ryan & maniskas, llp is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.
TPX Ratings Summary
TPX Quant Ranking
You've reached your free article limit.
Want To Read More Articles?
See what it all means for your stocks with premium tools
Stockprices is a weekly video covering what moved markets
this week, featuring a panel of Stockprices editors. It is published by the
close of trading on Fridays. Hosted by Nathaniel E. Baker, contributing editor,
and featuring: Aaron Task, VP Contributor Content and co-host Stockprices's Alpha
Trader podcast; Brad Olesen, VP News; Steve Alpher, Managing Editor News, co-host
Alpha Trader.
Unsubscribe From All
You successfully activated
“Only Essentials”
Confirm Upgrade
Your subscription will be moved to the annual plan. Service will automatically renew unless cancelled. No Refunds. Click upgrade to confirm.
Stockprices uses Plaid to connect you account
Connect effortlessly
Plaid lets you securely connect your financial accounts in seconds
Your data belongs to you
Plaid doesn't sell personal info, and will only use it with your permission