San Diego, CA -- (SBWIRE) -- 08/07/2017 -- An investigation on behalf of current long term investors in Tempur Sealy International Inc (NYSE:TPX) shares over possible breaches of fiduciary duty by certain officers and directors was announced.

An investigation was announced for long-term investors in shares of Tempur Sealy International Inc (NYSE:TPX) concerning potential breaches of fiduciary duties by certain directors and officers of Tempur Sealy International Inc was announced.

Investors who are current long term investors in Tempur Sealy International Inc (NYSE:TPX) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm for current long term investors in NYSE:TPX stocks follows a lawsuit filed recently against Tempur Sealy International Inc over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE:TPX stocks, concerns whether certain Tempur Sealy International directors are liable in connection with the allegations made in that lawsuit. According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges that the defendants made materially false and misleading statements and/or failed to disclose adverse information regarding Tempur Sealy International's business and prospects, including, among other things that prior to and July 28, 2016 and January 27, 2017, Mattress Firm Holding Corp. ("Mattress Firm"), the Company's largest customer which accounted for approximately 25% of the Tempur Sealy International's 2015 net sales, had been engaged in active negotiations to be acquired and that any such acquisition was reasonably likely to have a material adverse effect in Tempur Sealy International's 2016 third and fourth quarter operating results, that July 28, 2016 and January 27, 2017, Tempur Sealy International was engaged in active discussions with Mattress Firm concerning modifications to their long-term supply agreements, that Mattress Firm had been seeking significant economic concessions from Tempur Sealy July 28, 2016 and January 27, 2017, that defendants lacked a reasonable basis for the Company's positive statements associated with Mattress Firm, and that, based on the foregoing, defendants lacked a reasonable basis for their positive statements about Tempur Sealy's then-current business and future financial prospects.

Those who purchased shares of Tempur Sealy International Inc (NYSE:TPX) 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