DEADLINE TODAY: Lundin Law PC Announces a Securities Class Action Lawsuit against Tempur Sealy International, Inc. and Reminds Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / May 23, 2017 / Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against Tempur Sealy International, Inc. ("Tempur Sealy" or the "Company") (NYSE: TPX) for possible violations of federal securities laws between July 28, 2016 and January 27, 2017, inclusive (the "Class Period"). Investors, who purchased or otherwise acquired shares during the Class Period, should contact the firm by the May 23, 2017 lead plaintiff motion deadline.

To participate in this class action lawsuit, click here.

You may also call Brian Lundin, Esq., of Lundin Law PC, at 888-713-1033, or you can e-mail him at brian@lundinlawpc.com.

No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may also do nothing and be an absent class member.

The Complaint alleges that during the Class Period, Tempur Sealy made materially false and misleading statements and/or failed to disclose: that prior to and during the Class Period, Mattress Firm Holding Corp. ("Mattress Firm"), the Company's largest customer which accounted for approximately 25% of its 2015 net sales, had been engaged in active negotiations to be acquired and that any such acquisition was reasonably likely to have a material adverse effect in Tempur Sealy's 2016 third and fourth quarter operating results; that Tempur Sealy was engaged in active discussions with Mattress Firm concerning modifications to their long-term supply agreements; that Mattress Firm had been seeking significant economic concessions from Tempur Sealy; that the Company lacked a reasonable basis for its positive statements associated with Mattress Firm; and that based on the above, the Company lacked a reasonable basis for its positive statements about its then-current business and future financial prospects. On January 27, 2017, Tempur Sealy announced that it would cease doing business with Mattress Firm during the first quarter of 2017. Following the release of this news, Tempur Sealy's stock price decreased materially, which caused investors harm according to the Complaint.

Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders' rights.

This press release may be considered Attorney Advertising in certain jurisdictions under the applicable law and ethics rules.

Contact:

Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile: 888-713-1125
brian@lundinlawpc.com
http://lundinlawpc.com/

SOURCE: Lundin Law PC

ReleaseID: 464005

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