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Glancy Binkow & Goldberg LLP Announces Lead Plaintiff Deadline in the Class Action Lawsuit against Tempur-Pedic International, Inc.
[July 18, 2012]

Glancy Binkow & Goldberg LLP Announces Lead Plaintiff Deadline in the Class Action Lawsuit against Tempur-Pedic International, Inc.


LOS ANGELES --(Business Wire)--

Glancy Binkow & Goldberg LLP announces that all purchasers of the common stock of Tempur-Pedic International, Inc. ("Tempur-Pedic" or the "Company") (NYSE:TPX) between January 25, 2012 and June 5, 2012, inclusive (the "Class Period"), have until August 20, 2012 to file a motion with the Court to be appointed as Lead Plaintiff. The securities fraud class action lawsuit was filed in the United States District Court for the Eastern District of Kentucky.

Tempur-Pedic manufactures, markets and distributes bedding products in North America and internationally. The Complaint alleges that, throughout the Class Period, the defendants issued materially false and misleading statements concerning the Company's business and operations. Specifically, the Complaint alleges that the defendants misrepresented and/or failed to disclose that: (1) the Company's profit and revenue forecasts issued in January 2012 were lacking in any reasonable basis; (2) at the time the Compay issued its profit and revenue forecast in January 2012, Company insiders knew that the competitive landscape in its industry was more difficult than described and would thus make the Company's guidance impossible to achieve; (3) certain Company insiders capitalized on this material adverse information to sell Tempur-Pedic shares at inflated prices, before the truth concerning the Company's sales information was disclosed to the market; (4) the Company lacked adequate internal and financial controls; and (5), as a result of the foregoing, the Company's statements concerning its business and operational prospects were materially false and misleading at all relevant times.



If you are a member of the Class described above, you may move the Court, no later than August 20, 2012, to serve as Lead Plaintiff; however, you must meet certain legal requirements. To be a member of the class you need not take action at this time; you may retain counsel of your choice or take no action and remain an absent class member. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, by telephone at (310) 201-9150, Toll Free at (888) 773-9224, by e-mail to [email protected], or visit our website at http://www.glancylaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.



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