STEVENSON, Md., March 29, 2017 (GLOBE NEWSWIRE) -- The securities litigation law firm of Brower Piven, A
Professional Corporation, announces that a class action lawsuit has been commenced in the United States District Court for the
Southern District of New York on behalf of purchasers of Tempur Sealy International, Inc. (NYSE:TPX) (“Tempur Sealy” or the
“Company”) securities during the period between July 28, 2016 and January 27, 2017, inclusive (the “Class Period”). Investors
who wish to become proactively involved in the litigation have until May 23, 2017 to seek appointment as lead plaintiff.
If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and
be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including
whether to accept a settlement for the class in the action. The lead plaintiff will be selected from among applicants
claiming the largest loss from investment in Tempur Sealy securities during the Class Period. Members of the class will be
represented by the lead plaintiff and counsel chosen by the lead plaintiff. No class has yet been certified in the above
action.
The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of the
defendants’ failure to disclose during the Class Period that Mattress Firm Holding Corp. (“Mattress Firm”), the Company’s largest
customer which accounted for approximately 25% of its 2015 net sales, had been engaged in active negotiations to be acquired, that
any such acquisition was reasonably likely to have a material adverse effect in Tempur Sealy’s 2016 third and fourth quarter
operating results, and that Tempur Sealy was engaged in active discussions with Mattress Firm concerning modifications to their
long-term supply agreements.
According to the complaint, following a January 27, 2017 announcement that Tempur Sealy would cease doing
business with Mattress Firm, the value of Tempur Sealy shares declined significantly.
If you have suffered a loss in excess of $100,000 from investment in Tempur Sealy securities purchased on or
after July 28, 2016 and held through the revelation of negative information during and/or at the end of the Class Period and would
like to learn more about this lawsuit and your ability to participate as a lead plaintiff, without cost or obligation to you,
please visit our website at http://www.browerpiven.com/currentsecuritiescases.html. You may also request more
information by contacting Brower Piven either by email at hoffman@browerpiven.com or by telephone at (410) 415-6616. Brower Piven also encourages
anyone with information regarding the Company’s conduct during the period in question to contact the firm, including
whistleblowers, former employees, shareholders and others.
Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and
have been advocating for the rights of shareholders since the 1980s. If you choose to retain counsel, you may retain Brower
Piven without financial obligation or cost to you, or you may retain other counsel of your choice. You need take no action at
this time to be a member of the class.
CONTACT: Charles J. Piven Brower Piven, A Professional Corporation 1925 Old Valley Road Stevenson, Maryland 21153 Telephone: 410-415-6616 hoffman@browerpiven.com
