An investigation on behalf of investors in Select Comfort Corp. shares over potential wrongdoing at Select Comfort Corp. was announced and NASDAQ:SCSS stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 03/16/2016 -- An investigation for shareholders in Select Comfort Corp. (NASDAQ:SCSS) was announced concerning possible breaches of fiduciary duties by certain directors at Select Comfort.
Investors who purchased shares of Select Comfort Corp. (NASDAQ:SCSS) have certain options and should contact the Shareholders Foundation at email@example.com or call 858-779-1554.
The investigation by a law firm concerns whether certain Select Comfort directors breached their fiduciary duties and caused damage to the company and its shareholders.
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 15, 2016, NASDAQ:SCSS shares closed at $18.64 per share.
Those who purchased shares of Select Comfort Corp. (NASDAQ:SCSS), have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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