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NEW YORK, June 22, 2020 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises investors that a class action lawsuit has been filed on behalf of Casper Sleep, Inc. ("Enphase" or the "Company") (NYSE: CSPR) securities who purchased or otherwise acquired publicly traded Casper securities in or traceable to the Company’s public offering conducted on or around February 7, 2020 (the “IPO”).
The lawsuit alleges that the Company misled investors regarding the strength of Casper’s global operations. Casper went public in February 2020, selling over 8 million shares at $12 a share. Just a few weeks later, in April 2020, the Company announced that Casper would decrease its global operations, including a dramatic 21% reduction to its global operations and sales team, and close its European operations. Casper also disclosed that Gregory Macfarlane had resigned from his positions as Chief Financial Officer and Chief Operating Officer.
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The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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