Wednesday, October 4, 2023
Courthouse News Service
Wednesday, October 4, 2023 | Back issues
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Sleep aid securities suit

MANHATTAN — A New York federal judge allowed an investor to amend his securities class action against Casper Sleep, a mattress firm that heavily advertises through podcasts and social media ads, on allegations that misrepresentations and omissions unfairly bolstered the firm’s prospects in its 2020 IPO that was followed by a 32% decrease in the stock’s price.

Read the ruling here.

Categories / Briefs, Business, Financial, Securities

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