An investigation for investors in NASDAQ:SCSS shares was announced over potential breaches of fiduciary duties by certain Select Comfort directors.
Investors who purchased shares of Select Comfort Corp. (NASDAQ:SCSS) 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 Select Comfort directors breached their fiduciary duties.
On November 4, 2015, Select Comfort Corp. announced its third quarter 2015 results. Among other things, Select Comfort Corp. confirmed its guidance for 2015 earnings per diluted share of $1.35.
On February 11, 2016, Select Comfort Corp. announced its fourth quarter and full-year 2015 results. Select Comfort Corp. disclosed full-year 2015 earnings per diluted share of $0.97 and that it suffered a financial impact from the transition to an enterprise platform from legacy systems.
Shares of Select Comfort Corp. (NASDAQ:SCSS) declined to as low as $14.28 per share on February 12, 2016.
On March 4, 2016, NASDAQ:SCSS shares closed at $
per share.
Those who purchased NASDAQ:SCSS 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