Recent Securities Litigations

Sleep Number Corporation Common Stock (NASDAQ: SNBR)

27 Days left to seek lead plaintiff status.

Company Name:Sleep Number Corporation Common Stock
Stock Symbol:NASDAQ: SNBR
Class Period Start:02/18/2021
Class Period End (inclusive):07/20/2021
Filing Deadline:02/12/2022

The Complaint alleges that, throughout the Class Period, Defendants made false and misleading statements and failed to disclose that: (i) Sleep Number had suffered a severe disruption in its supply chain for foam as a result of Winter Storm Uri; (ii) 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; (iii) 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; (iv) thus, Sleep Number was unable to meet surging customer demand for Sleep Number’s products; and (v) 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.

Sleep Number Corporation Common Stock (NASDAQ: SNBR) Claim Form

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