Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Monday, April 15, 2024 | Back issues
Courthouse News Service Courthouse News Service

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

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Loading...