SAN DIEGO, March 23, 2017 /PRNewswire/ -- Shareholder Rights Law Firm Johnson & Weaver, LLP (J&W) is investigating potential violations of the federal securities laws by Tempur Sealy International, Inc. (NYSE: TPX) and certain of its officers. Tempur Sealy develops, manufactures and distributes bedding products worldwide.
On January 30, 2017, Tempur Sealy announced it would cease doing business with Mattress Firm during the first quarter of 2017; Mattress Firm was the Company's largest purchaser. Following this news, Tempur Sealy stock dropped 28% on January 30, 2017.
Johnson & Weaver's investigation will seek to determine if investors were misled as to Tempur Sealy's business, prospects and operations.
If you have information that could assist in this investigation, including past employees and others, or if you are a Tempur Sealy shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker (email@example.com) by email or phone at 619-814-4471. If emailing, please include a phone number.
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
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SOURCE Johnson & Weaver, LLP