Pomerantz Appointed Co-Lead Counsel in Sleep Number Securities Litigation

On May 20, 2022, U.S. Magistrate Judge Becky R. Thorson of the District of Minnesota appointed Pomerantz LLP as Co-Lead Counsel on behalf of Ricardo Dario Schammas, the Co-Lead Plaintiff, and the class, in Steamfitters Local 449 Pension & Retirement Security Funds v. Sleep Number Corporation, 21-cv-2669 (D. Minn.). This securities action alleges that Sleep Number Corporation failed to disclose significant disruptions in its supply chain which resulted in a failure to fulfill orders in a timely manner and to meet surging customer demand. Sleep Number manufactures beds and bedding accessories, including the Sleep Number 360® smart bed…