NEW YORK, NY / ACCESSWIRE / January 27, 2022 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review a copy of the Complaints by visiting the links below or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss, you can request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. A lead plaintiff acts on behalf of all other class members in directing the litigation. The lead plaintiff can select a law firm of its choice. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Sleep Number Corporation (f/k/a Select Comfort Corporation) (NASDAQ:SNBR)
Class Period:February 18, 2021 – July 20, 2021
Deadline: February 14, 2022
For more info:www.bgandg.com/snbr.
The complaint alleges that throughout the Class Period, Defendants made false and misleading statements and failed to disclose: (1) that Sleep Number had suffered a severe disruption in its supply chain for foam as a result of Winter Storm Uri; (2) that Sleep Number continued to suffer from debilitating supply chain disruptions across multiple suppliers (3) that Sleep Number did not have in place the supply chain flexibility, redundancies and fail-safes, as had been represented to investors, sufficient to offset the foam supply disruption caused by Winter Storm Uri; (4) that, because foam was a necessary component for Sleep Number’s production of its primary mattress products, Sleep Number’s ability to timely fulfill customer orders had been materially impaired; (5) that, as a result of (1)-(5) above, Sleep Number was unable to meet surging customer demand for the Company’s products; and (6) that, as a result of (1)-(5) above, Sleep Number had been forced to delay mattress shipments to end consumers, pushing millions of dollars’ worth of sales into subsequent quarters and negatively impacting the Company’s financial results.
Baidu, Inc. (NASDAQ:BIDU)
Class Period: March 22, 2021 – March 29, 2021
Deadline: February 14, 2022
For more info:www.bgandg.com/bidu.
The complaint alleges that throughout the Class Period, Defendants traded while in possession of material non-public information and about Archegos and its need to fully liquidate its position in the Company because of margin call pressure. While in possession of material, non-public adverse information, Defendants collectively sold billions of dollars’ worth of Company shares. Later, when the information became publicly known, the price of the Company’s common stock declined sharply as a result of such disclosure.
Marathon Digital Holdings, Inc. (f/k/a Marathon Patent Group, Inc.) (NASDAQ:MARA)
Class Period: October 13, 2020 – November 15, 2021
Deadline: February 15, 2022
For more info:www.bgandg.com/mara.
The complaint alleges that throughout the Class Period, Defendants made false and misleading statements and failed to disclose that: (1) the Company’s joint venture with Beowulf Energy LLC, as it related to a series of agreements with multiple parties to design and build a data center in Hardin, Montana, implicated potential regulatory violations, including U.S. securities law violations; (2) as a result, the Beowulf Joint Venture subjected Marathon to a heightened risk of regulatory scrutiny; (3) the foregoing was reasonably likely to have a material negative impact on the Company’s business and commercial prospects; and (4) as a result, the Company’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | [email protected]
SOURCE: Bronstein, Gewirtz & Grossman, LLC
View source version on accesswire.com:
https://www.accesswire.com/685917/SNBR-BIDU-MARA–Bronstein-Gewirtz-Grossman-LLC-Reminds-Investors-of-Class-Actions-and-Lead-Deadlines
