GlobeNewswire Inc | Aug 14, 2020 07:13AM EDT

August 14, 2020

Investors with losses of $100,000 or more are encouraged to contact the firm for a complimentary case evaluation, click here to submit your transaction information.

NEW YORK, Aug. 14, 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 Companys public offering conducted on or around February 7, 2020 (the IPO).Investors have until August 18, 2020 to file a lead plaintiff motion.

The lawsuit alleges that the Company misled investors regarding the strength of Caspers 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 Firms 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 Barlesley@portnoylaw.com310-692-8883www.portnoylaw.com

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