Law Offices Of Charles J. Piven, P.A. announced that a securities class action was commenced on behalf of shareholders who purchased, converted, exchanged or otherwise acquired the common stock of Lexington, Kentucky based mattresses & neck pillows maker Tempur-Pedic International Inc between April 22, 2005 and September 19, 2005, inclusive (the "Class Period").
The case is pending in the United States District Court for the Eastern District of Kentucky against defendant Tempur-Pedic International Inc and one or more of its officers and/or Directors. The action charges that defendants violated federal securities laws by issuing a series of materially false and misleading statements to the market throughout the Class Period, which statements had the effect of artificially inflating the market price of the Company's securities.
Swedish based Tempur-Pedic International Inc is a leading producer and distributor of Swedish Mattresses and Neck Pillows made from its proprietary TEMPUR pressure-relieving material: a viscoelastic material that conforms to the body to provide support and help alleviate pressure points.
Products are currently sold in 60 countries under the TEMPUR and Tempur-Pedic brand names. World headquarters for Tempur-Pedic International Inc are in Lexington, Kentucky.
Tempur-Pedic International Inc
marketing@alchempro.com
