Mattress Firm Executives Facing Litigation Over Breach of Fiduciary Duty
Many brick and mortar businesses are struggling to compete with online retailers. Because of changing market conditions, many businesses are forced to close their doors or file for bankruptcy. Texas-based Mattress Firm has recently filed for Chapter 11 bankruptcy and stated it will be closing hundreds of stores nationwide. However, the exact cause of Mattress Firm’s bankruptcy is heavily disputed.