Casper Sleep Inc. - Class Action Complaint for Violations of the Federal Securities Laws

Oct 3, 2026

Class action complaint alleges violations of the federal securities laws in connection with Casper Sleep Inc.’s IPO around February 7, 2020. The plaintiff seeks compensable damages based on purported false and misleading statements in the company’s registration materials and related public communications. The pleading sets out jurisdiction and venue under the Securities Act and describes roles of the company and named officers at the time of the IPO, including participation in preparation, review, solicitation, and sale of shares.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages26

Reading Time1 h 6 min

AccessFree to download

Nature of the Action

Jurisdiction and Venue

Parties

Case 1:20-cv-02744 Document 1 Filed 06/19/20 Page 1 of 26 PageID \#: 1 THE ROSEN LAW FIRM, P.A. Phillip Kim, Esq. (PK 9384) Laurence M. Rosen, Esq. (LR 5733) 275 Madison Ave., 40th Floor New York, New York 10016 Telephone: (212) 686-1060 Fax: (212) 202-3827 [Email: pkim@rosenlegal.com](Email: pkim@rosenlegal.com) [lrosen@rosenlegal.com](lrosen@rosenlegal.com) Counsel for Plaintiff UNITED STATES DISTRICT COURT EASTERN DISTRICT OF NEW YORK ROBERT LEMATTA, Individually and on behalf of all others similarly situated, Plaintiff, v. CASPER SLEEP INC., PHILIP KRIM, GREGORY MACFARLANE, NEIL PARIKH, DIANE IRVINE, ANTHONY FLORENCE, JACK LAZAR, BENJAMIN LERER, KAREN KATZ, DANI REISS, MORGAN STANLEY & CO. LLC, GOLDMAN SACHS & CO. LLC, JEFFERIES LLC, BOFA SECURITIES, INC., UBS SECURITIES LLC, CITIGROUP GLOBAL MARKETS INC., PIPER SANDLER & CO. and GUGGENHEIM SECURITIES, LLC, Defendants. Case No: CLASS ACTION COMPLAINT FOR VIOLATIONS OF THE FEDERAL SECURITIES LAWS JURY TRIAL DEMANDED Plaintiff Robert Lematta (“Plaintiff”), individually and on behalf of all other persons similarly situated, by Plaintiff’s undersigned attorneys, for Plaintiff’s complaint against Defendants (defined below), alleges the following based upon personal knowledge as to Plaintiff and Plaintiff’s own acts, and information and belief as to all other matters, based upon, inter alia, the investigation conducted by and through his attorneys, which included, among Case 1:20-cv-02744 Document 1 Filed 06/19/20 Page 2 of 26 PageID \#: 2 other things, a review of the Defendants ’ public documents, conference calls and announcements made by Defendants, United States Securities and Exchange Commission (“SEC”) filings, wire and press releases published by and regarding Casper Sleep Inc. (“Casper”or the “Company”), and information readily obtainable on the Internet. Plaintiff believes that substantial evidentiary support will exist for the allegations set forth herein after a reasonable opportunity for discovery. NATURE OF THE ACTION 1. This is a class action on behalf of persons or entities 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”) . Plaintiff seeks to recover compensable damages caused by Defendants ’ violations ofthe federal securities laws under the Securities Act of 1933 (the “Securities Act”) . JURISDICTION AND VENUE 2. The claims asserted herein arise under and pursuant to Sections 11 and 15 of the Securities Act (15 U.S.C. §§ 77k and 77o) . 3. This Court has jurisdiction over the subject matter of this action pursuant to 28 U.S.C. § 1331, Section 22 of the Securities Act (15 U.S.C. § 77v) . 4. Venue is proper in this judicial district pursuant to 28 U.S.C. § 1391(b) and Section 22 of the Securities Act as the alleged misstatements entered and the subsequent damages took place in this judicial district, and the Company conducts substantial business in this district. 5. In connection with the acts, conduct and other wrongs alleged in this complaint, Defendants, directly or indirectly, used the means and instrumentalities of interstate commerce, Case 1:20-cv-02744 Document 1 Filed 06/19/20 Page 3 of 26 PageID \#: 3 including but not limited to, the United States mails, interstate telephone communications and the facilities of the national securities exchange. PARTIES 6. Plaintiff, as set forth in the accompanying certification, incorporated by reference herein, purchased Casper securities in or traceable to the IPO. 7. Defendant Casper purports to sell mattresses, sleep aids and other sleep-related products and services. Casper is incorporated in the State of Delaware and its headquarters are located at Three World Trade Center, 175 Greenwich Street, Floor 39, New York, New York 10007. Casper’s shares trade on the New York Stock Exchange (“NYSE”) under the ticker symbol “CSPR.” 8.

FAQs

What action is filed and on whose behalf?

The complaint is filed as a class action on behalf of persons or entities that purchased or otherwise acquired Casper securities in or traceable to the company’s IPO.

What time period and transaction does the complaint focus on?

The complaint focuses on the company’s public offering conducted on or around February 7, 2020, referenced as the IPO.

Which court and legal bases are cited for jurisdiction and venue?

Jurisdiction is asserted under federal law and the Securities Act, and venue is described as proper in the Eastern District of New York based on alleged misstatements and subsequent damages, along with substantial business activity in the district.

Oct 3, 2026

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