An investigation for investors in NASDAQ:MFRM shares was announced over potential breaches of fiduciary duties by certain directors at Mattress Firm Holding.
Investors who purchased shares of Mattress Firm Holding Corp (NASDAQ:MFRM) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
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.
Houston, TX based Mattress Firm Holding Corp. is a holding company, that, through its direct and indirect subsidiaries, is a retailer of mattresses and bedding-related products in various metropolitan markets in the United States through company-operated and franchise-owned mattress specialty stores that operate primarily under the name Mattress Firm. 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.
On March 23, 2016, NASDAQ:MFRM shares closed at 39.21 per share.
Those who purchased NASDAQ:MFRM shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com