NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky, LLP announces that it has commenced an investigation of Select Comfort Corporation (“Select Comfort” or “the Company”) (NASDAQ: SCSS) concerning possible violations of federal securities laws by the Company and/or certain of its officers and directors.
On November 4, 2015, Select Comfort confirmed its guidance for 2015 earnings per diluted share of $1.35. Then on February 11, 2016, Select Comfort announced its fourth quarter and full-year 2015 results during aftermarket hours, disclosing full-year 2015 earnings per diluted share of $0.97. The Company also announced that it had suffered a financial impact from the transition to an enterprise platform from legacy systems. On this news, shares of Select Comfort fell approximately 24% from its previous closing price to close at $15.58 per share on February 12, 2016. To obtain additional information about the investigation, go to:
or contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation involving financial fraud, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.