SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Select Comfort Corporation (SCSS)

25 Feb, 2016, 11:44 ET from Bronstein, Gewirtz & Grossman, LLC

NEW YORK, Feb. 25, 2016 /PRNewswire/ -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Select Comfort Corporation ("Select Comfort" or "the Company") (NASDAQ: SCSS) who purchased shares on or before February 11, 2016. Such investors are advised to contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz at info@bgandg.com or 212-697-6484.

This investigation concerns whether Select Comfort and certain of its officers and/or directors have violated the Federal Securities Laws under the Securities Exchange Act of 1934 (the "Exchange Act"). 

On November 4, 2015, Select Comfort released its guidance for 2015 earnings per diluted share of $1.35. On February 11, 2016, after market hours, Select Comfort announced its fourth quarter and full-year 2015 ends. The Company disclosed its full-year 2015 earnings per diluted share of $0.97 and that it had a negative financial impact from the transition from legacy systems to an enterprise platform. Following this news, Select Comfort stock dropped $4.93 per share or roughly 24% from its previous closing price at $15.58 per share on February 12, 2016.

If you are aware of any facts relating to this investigation, or purchased shares of Select Comfort on or before February 16, 2016, you can assist this investigation by visiting the firm's website: http://www.bgandg.com/#!sccs/x16xz. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email info@bgandg.com. Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact: Bronstein, Gewirtz & Grossman, LLC Peretz Bronstein or Yael Hurwitz 212-697-6484 | info@bgandg.com

 

SOURCE Bronstein, Gewirtz & Grossman, LLC



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