ZZ Sealy Corp.

Shareholder rights firm Robbins Umeda LLP is investigating possible breaches of fiduciary duty and other violations of the law by certain officers and directors at Sealy Corporation (NYSE: ZZ). Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Gregory E. Del Gaizo at (800) 350-6003, info@robbinsumeda.com, or via the shareholder information form on the firm's website.

Robbins Umeda LLP is investigating whether directors of Sealy breached their fiduciary duties to the company and its shareholders by acting in the interests of Kohlberg Kravis Roberts & Co. L.P. ("KKR"), Sealy's private-equity backer and largest shareholder, rather than in the best interests of the company. A majority of Sealy's board of directors is comprised of directors who have current or past ties to KKR, including as employees of, or advisors to, KKR. Since Sealy's 2006 Initial Public Offering, the board has permitted Sealy to pay KKR $20.9 million, including a $9.7 million payment for advisory services after Sealy previously paid $11.0 million to terminate KKR's advisory services. The firm is also examining allegations that in 2009, Sealy changed director and officer compensation arrangements to more closely align with KKR's interest, instead of the interests of Sealy's shareholders.

Robbins Umeda LLP highlights that Sealy shareholders have the option to file a shareholder derivative action to hold those officers and directors accountable for damaging the company. Remedies commonly sought in derivative actions include corporate governance reforms designed to prevent future misconduct, removal of officers or directors whose misconduct injured the corporation, and monetary payments in the form of damages and disgorgement of ill-gotten gains.

Robbins Umeda LLP is a nationally recognized leader in securities litigation and shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. For more information, please go to http://www.robbinsumeda.com.

Press release link: http://www.robbinsumeda.com/shareholders-rights-blog/sealy-corporation/

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