An investigation on behalf of investors in Mattress Firm Holding Corp (NASDAQ:MFRM) shares over potential wrongdoing at Mattress Firm Holding was announced and NASDAQ:MFRM stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 03/30/2016 -- An investigation for shareholders in Mattress Firm Holding Corp 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 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.
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 28, 2016, NASDAQ:MFRM shares closed at $41.76 per share.
Those who purchased shares of Mattress Firm Holding Corp (NASDAQ:MFRM) 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