NEW YORK, March 22, 2016 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Mattress Firm Holding Corp. ("Mattress Firm" or the "Company") (NASDAQ: MFRM). Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 9980.
The investigation concerns whether Mattress Firm and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On March 21, 2016, post-market, the Company reported fourth quarter earnings of $0.53 per share, lower than analyst expectations of $0.56 per share, and released full year guidance of $2.50 to $2.60 per share, which was lower than the $2.72 per share forecast. Concurrently, Mattress Firm announced that the Company's President Ken Murphy would immediately replace Steve Stagner as Chief Executive Officer.
On this news, Mattress Firm stock has fallen as much as $6.52, or 15.27%, to $36.17 during intraday trading on March 22, 2016.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
Robert S. Willoughby
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SOURCE Pomerantz LLP