San Diego, CA -- (SBWIRE) -- 04/27/2022 -- An investigation was announced concerning potential breaches of fiduciary duties by certain directors of Sleep Number Corporation.

Investors who are current long term investors in Sleep Number Corporation (NASDAQ: SNBR) shares, 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 for investors in NASDAQ: SNBR stocks follows a lawsuit filed against Sleep Number Corporation over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: SNBR stocks, concerns whether certain Sleep Number Corporation directors are liable in connection with the allegations made in that lawsuit.

The plaintiff alleges that, the defendants made false and misleading statements and failed to disclose that Sleep Number had suffered a severe disruption in its supply chain for foam as a result of Winter Storm Uri, 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, 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, that thus, Sleep Number was unable to meet surging customer demand for Sleep Number's products, and that, as a result, 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 Sleep Number's financial results.

Those who purchased shares of Sleep Number Corporation (NASDAQ: SNBR) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Christopher Clausen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About The Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.