Saatva Inc and Tempur Sealy Announce Settlement Agreement

NEW YORK, May 9, 2017 /PRNewswire/ -- The Saatva Company, the largest and fastest growing online luxury mattress brand in North America, announced today that it has entered into a settlement agreement with Tempur Sealy International Inc., Tempur-Pedic Management, Inc., Tempur-Pedic North America, LLC, and Dan Foam ApS to resolve all claims brought by Tempur Sealy in the action captioned, Tempur Sealy Int'l Inc. v. Saatva Inc.,5:16-cv-00396-KKC.

Pursuant to the settlement agreement, on April 24, 2017, the United States District Court for the Eastern District of Kentucky entered an order dismissing with prejudice Tempur Sealy's complaint, which asserted various claims of false advertising under the federal Lanham Act and several claims under Kentucky law.  The terms of the settlement agreement are confidential and Saatva continues to deny any allegations of wrongdoing.  Saatva and Tempur Sealy have agreed to respect one another and look forward to continuing as healthy competitors in the marketplace.

About The Saatva Company
The Saatva Company is devoted to building customer relationships based on providing the most honest, efficient and courteous buying experience over a lifetime of mattress purchases. The Saatva Company designs and delivers luxury mattresses and their exclusive "Lineal" adjustable bed through 18 U.S. and Canadian-based factories and 136 fulfillment centers. Unlike most other online mattress sites, The Saatva Company delivers and sets up all of their ultra luxury products in the customers' home, creating a hassle free buying experience.  By cutting out the middleman and retail store markups in the traditional supply chain, the company is able to provide a luxury product at dramatically lower prices.

For more information visit www.saatva.com.

SOURCE The Saatva Company

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http://www.saatva.com