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Select Comfort Corporation
Rosen Law Firm announces that it is investigating potential securities claims on behalf of shareholders of Select Comfort Corporation (NASDAQ: SCSS) resulting from allegations that Select Comfort may have issued materially misleading business information to the investing public.
If you purchased shares of Select Comfort and would like to join the action, please click "Join This Class Action" above.
EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against Select Comfort Corporation - SCSS
New York, N.Y., February 24, 2016. Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Select Comfort Corporation (NASDAQ: SCSS) resulting from allegations that Select Comfort may have issued materially misleading business information to the investing public.
On November 4, 2015, Select Comfort confirmed its guidance for 2015 earnings per diluted share of $1.35. On February 11, 2016, Select Comfort announced its fourth quarter and full-year 2015 results during aftermarket hours. Select Comfort disclosed full-year 2015 earnings per diluted share of $0.97 and that it suffered a financial impact from the transition to an enterprise platform from legacy systems. On this news, shares of Select Comfort fell $4.93 per share or approximately 24% from its previous closing price to close at $15.58 per share on February 12, 2016.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Select Comfort investors. If you purchased shares of Select Comfort on or before February 11, 2016, please visit the firm’s website at http://www.rosenlegal.com/cases-844.html for more information. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm toll free at 866-767-3653 or via email at firstname.lastname@example.org or email@example.com.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
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