Opinion ID: 2982900
Heading Depth: 2
Heading Rank: 4

Heading: February 22 Webcast

Text: During Tempur-Pedic’s “Investor Day” webcast in mid-February, Sarvary allegedly referred to Tempur-Pedic’s “consumer preferred” product line. (R. 87, Am. Compl. at ¶ 114.) That statement is immaterial puffery. As we have noted elsewhere, “[a]ll public companies praise their products,” and Sarvary’s statement that the company sells a “consumer preferred” product is the sort of “rosy affirmation commonly heard from corporate managers” that we hold immaterial as a matter of law. Ford, 381 F.3d at 570–71. During the same webcast, Sarvary allegedly said that the company had grown and continued to grow, and added that there were “a variety of reasons why we’re very confident [in projections of continued] growth.” (R. 87, Am. Compl. at ¶ 114.) The pension funds allege no facts tending to show that the company lacked confidence in continued growth as of February 22 or had no reasonable basis for that confidence. See Helwig, 251 F.3d at 562. According to their complaint, Tempur-Pedic’s internal data showed that its growth slowed at retailers carrying the iComfort, not that it stopped or reversed course.