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Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Mattress Firm Holding Corp. (NASDAQ: MFRM) resulting from allegations that Mattress Firm may have issued materially misleading business information to the investing public.
On March 21, 2016, Mattress Firm reported fourth quarter earnings of $0.53 per share, which was lower than analyst expectations of $0.56 per share and released full year guidance of $2.50 to $2.60 per share, which was lower than the $2.72 per share forecast. Concurrently, Mattress Firm announced that President Ken Murphy would replace CEO Steve Stagner, effective immediately. On this news, shares of Mattress Firm fell $3.04 per share or over 7% to close at $39.65 per share. On June 9, 2016, Mattress Firm reduced its full year guidance and announced it would incur an impairment charge of $138.7 million in the first quarter stemming from a previously-undisclosed decision to rebrand all of its stores under the Mattress Firm name. On this news, shares of Mattress Firm fell $4.18 per share or over 12% to close at $29.40 per share on June 10, 2016.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Mattress Firm investors. If you purchased shares of Mattress Firm on or before June 9, 2016, please visit the firm's website at http://www.rosenlegal.com/cases-910.html for more information. You may also contact Phillip Kim or Kevin Chan 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/20160610005894/en/
The Rosen Law Firm, P.A.
Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: 212-686-1060
Toll Free: 866-767-3653
Fax: 212-202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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