EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against Select Comfort Corporation

NEW YORK--(BUSINESS WIRE)--

Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Select Comfort Corporation 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 pkim@rosenlegal.com or kchan@rosenlegal.com.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

Attorney Advertising. Prior results do not guarantee a similar outcome.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160224006766/en/