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 email@example.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 firstname.lastname@example.org. 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.
Richard A. Maniskas, Esquire
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