Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess of $100,000 Investing in Tempur-Pedic International Inc. To Contact the Firm

News provided by

Jul 06, 2012, 07:40 ET

NEW YORK, July 6, 2012 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Tempur-Pedic International Inc. ("Tempur-Pedic" or the "Company") (NYSE: TPX).

(Logo: http://photos.prnewswire.com/prnh/20120119/MM38856LOGO)

The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose that: (1) Tempur-Pedic's competitive position had deteriorated drastically; (2) the Company's 2012 outlook for net sales and earnings per share was not only weaker than earlier estimates, but was in fact negative; and (3) as a result, the Company lacked a reasonable basis for their positive statements concerning the state of the Company, its competitive position and its outlook.

Tempur-Pedic's condition was revealed through a series of disclosures. On April 19, 2012, Tempur-Pedic reported its financial results for the first quarter of 2012, confirming reduced net sales and earnings per share guidance for full-year 2012. As a result, Tempur-Pedic's stock dropped $17.22 per share, or 20.5%, to close at $66.53 per share on April 20, 2012.

Finally, Tempur-Pedic stunned the markets on June 6, 2012 by slashing its recently confirmed outlook for full-year net sales by more than 10% and earnings per share by nearly 29%. In reaction to this revelation, Tempur-Pedic's stock price fell $21.28 per share, or nearly 49%, to close at $22.39 per share on June 6, 2012.

Request more information now by clicking here: www.faruqilaw.com/TPX. There is no cost or obligation to you.

Take Action

If you purchased Tempur-Pedic securities between January 25, 2012 and June 5, 2012 and would like to discuss your legal rights, visit www.faruqilaw.com/TPX. You can also contact us by calling Juan Monteverde, Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to [email protected], [email protected] or [email protected]. Faruqi & Faruqi, LLP also encourages anyone with information regarding Tempur-Pedic's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential matter.

FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan Monteverde, Esq.
[email protected]
Richard Gonnello, Esq.
[email protected]
Francis McConville, Esq.
[email protected]
Telephone: (877) 247-4292 or (212) 983-9330