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Mattress Firm Holding Corp (NASDAQ:MFRM) Investor Investigation Concerning Possible Wrongdoing Announced

  • If you purchased shares of Mattress Firm Holding Corp (NASDAQ:MFRM), you have certain options and you should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Investigation Overview

Company
Mattress Firm Holding Corp
Security
NASDAQ: MFRM

Summary

March 11, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Mattress Firm Holding Corp (NASDAQ:MFRM) was announced over potential breaches of fiduciary duties by certain directors at Mattress Firm Holding.

The investigation by a law firm concerns whether certain Mattress Firm Holding directors breached their fiduciary duties and caused damage to the company and its shareholders.

Mattress Firm Holding Corp reported that its Total Revenue rose from over $1.21 billion for the 52 weeks period that ended on January 28, 2014 to over $1.8 billion for the 53 weeks period that ended on February 3, 2015 while its Net Income for those respective time periods declined from $52.92 million to $44.25 million.Shares of Mattress Firm Holding Corp (NASDAQ:MFRM) declined from $71.03 per share in November 2014 to as low as $32.94 per share in February 2016.

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