Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Mattress Firm Holding Corp (NASDAQ: MFRM) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Mattress Firm Holding Corp (NASDAQ: MFRM) concerning whether a series of statements by Mattress Firm Holding Corp regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On March 21, 2016, Mattress Firm Holding revealed fourth quarter earnings of $0.53 per share, below analyst expectations of $0.56 per share, and released full year guidance of $2.50 to $2.60 per share, which was below the $2.72 per share forecast. Mattress Firm Holding also announced that the Company's President Ken Murphy would immediately replace Steve Stagner as Chief Executive Officer.
On this news, NASDAQ: MFRM shares dropped as much as $6.52, or 15.27%, to $36.17 during intraday trading on March 22, 2016.
Based in Houston, Texas, and founded in 1986 Mattress Firm Holding Corp operates as a specialty retailer of mattresses, and related products and accessories.
If you purchased shares of Mattress Firm Holding Corp (NASDAQ: MFRM) on or before March 21, 2016, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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