An investigation on behalf of investors of NYSE:TPX shares over possible securities laws violations by Tempur-Pedic International Inc. was announced and NYSE:TPX investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 06/13/2012 -- An investigation on behalf of investors in Tempur-Pedic International Inc. (NYSE:TPX) shares over potential securities laws violations by certain officers and directors at Tempur-Pedic International Inc. in connection with certain financial statements was announced.
Investors who purchased shares of Tempur-Pedic International Inc. (NYSE:TPX), have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Tempur-Pedic International Inc. (NYSE:TPX) concerning whether the company, certain of its officers and directors, or others have possibly violated federal securities laws. Specifically, the investigation concerns whether certain statements about Tempur-Pedic’s business, its prospects and its operations were potentially materially false and misleading at the time they were made.
Tempur-Pedic International Inc. reported that its annual Revenue rose from $831.16million in 2009 to $1.41billion in 2011 and its Net Income increased from $84.99million in ’09 to $219.61million in 2011.
Shares of Tempur-Pedic International Inc. (NYSE:TPX) rose from as low as $4.46 per share on March 6, 2009 to as high as $86.02 per share on April 13, 2012.
Then on April 19, 2012, Tempur-Pedic International Inc. (NYSE:TPX) announced its financial results for the first quarter ended March 31, 2012 and confirmed its guidance for the 2012 fiscal year.
Shares of Tempur-Pedic International Inc. (NYSE:TPX) fell from over $86 per share in mid-April to under $60 in the end of April.
Then on June 6, 2012, Tempur-Pedic International Inc. (NYSE:TPX) commented on its second quarter performance and revised its financial guidance for the 2012 fiscal year.
NYSE:TPX shares fell from $43.67 per share on June 5, 2012 to as low as $21.28 per share on June 7, 2012.
On June 12, 2012, NYSE:TPX shares closed at $23.87 per share.
Those who purchased shares of Tempur-Pedic International Inc. (NYSE:TPX), have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com