Tempur-Pedic International Inc. (NYSE:TPX) Investor Files Class Action Lawsuit Over Alleged Securities Laws Violations

If you purchased shares of Tempur-Pedic International Inc. (NYSE:TPX) between January 25, 2012 and June 5, 2012, you have certain options and there are short and strict deadlines running. Deadline: August 20, 2012. NYSE:TPX investors should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this case, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
Tempur-Pedic
Case Name: 
Tempur-Pedic Shareholder Class Action Lawsuit 06/20/2012
Case Status: 
Lawsuit Filed
Affected Securities
NYSE: TPX
Lawsuit Overview
Type of Lawsuit: 
Shareholder Class Action
Date Filed: 
06/20/2012
Class Period Begin: 
01/25/2012
Class Period End: 
06/05/2012
Court of Filing: 
U.S. District Court for the Eastern District of Kentucky
Deadline To File for Lead: 
08/20/2012
Summary: 

June 20, 2012 (Shareholders Foundation) -- An investor in NYSE:TPX shares files a lawsuit in the U.S. District Court for the Eastern District of Kentucky over alleged Violations of Federal securities laws violations by Tempur-Pedic International Inc. in connection with certain financial statements.

According to the complaint the plaintiff alleges on behalf of behalf of purchasers of Tempur-Pedic International Inc. (NYSE:TPX) common stock between January 25, 2012 and June 5, 2012, that Tempur-Pedic International Inc. and certain of its officers violated the Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5 promulgated thereunder.
Specifically, the plaintiff alleges that between January 25, 2012 and June 5, 2012, Tempur-Pedic International Inc. allegedly misrepresented its deteriorating competitive position and financial performance for its full year of operations in 2012.

On April 19, 2012, Tempur-Pedic International Inc. (NYSE:TPX) announced its financial results for the first quarter ended March 31, 2012 and confirmed its guidance for the 2012 fiscal year.

Then on June 6, 2012, Tempur-Pedic International Inc. (NYSE:TPX) commented on its second quarter performance and revised its financial guidance for the 2012 fiscal year.

NYSE:TPX shares fell from $43.67 per share on June 5, 2012 to as low as $21.28 per share on June 7, 2012.