Casper (CSPR) Alert: Johnson Fistel Investigates Casper Sleep Inc.; Investors Suffering Losses Encouraged to Contact Firm

Casper (CSPR) Alert: Johnson Fistel Investigates Casper Sleep Inc.; Investors Suffering Losses Encouraged to Contact Firm

PR Newswire

SAN DIEGO, June 9, 2020 /PRNewswire/ --

Shareholder rights law firm Johnson Fistel, LLP is investigating potential violations of the federal securities laws by Casper Sleep Inc. ("Casper" or the "Company") (NYSE: CSPR).

On or about February 6, 2020, Casper sold 8.35 million shares of stock in its initial public stock offering (the "IPO"), at $12 a share raising $104 million in new capital.

In April 2020, just several months after the IPO, Casper announced that it was decreasing the size of its global operations and sales team, as well as ultimately winding down its European operations, amounting to a loss of 21% of its workforce. Furthermore, Casper stated that Gregory Macfarlane had resigned from his positions as Chief Financial Officer and Chief Operating Officer.

Specifically, Johnson Fistel's investigation seeks to determine whether the Company's filings with the U.S. Securities and Exchange Commission in connection with its February 2020 IPO and subsequent investor communications contained untrue statements of material facts or omitted to state other facts necessary to make the statements made therein not misleading concerning the Company's business, and operations.

If you have information that could assist in this investigation, or if you are a Casper shareholder and are interested in learning more about the investigation, please contact Jim Baker ([email protected]) at 619-814-4471. If emailing, please include a phone number.

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About Johnson Fistel, LLP:
Johnson Fistel, LLP, is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.

Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
[email protected]

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SOURCE Johnson Fistel, LLP

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