Share this on

Sleep Innovations, Foamex settle

By Furniture Today Staff -- Furniture Today, December 23, 2007

West Long Branch, N.J. — Memory foam mattress and sleep products manufacturer Sleep Innovations and foam supplier Foamex announced today they have settled a lawsuit, with Sleep Innovations agreeing to pay $12 million for goods Foamex had delivered earlier.

The companies also said they have terminated their supply agreement.

Sleep Innovations had withheld the payment from Foamex pending the outcome of the litigation, according to a statement from both companies. Presidents and CEOs Joseph Lynch at Sleep Innovations and Jack Johnson of Foamex said they were pleased to reach the agreement.

Both parties agreed to dismiss claims they had pending in the suit in U.S. District Court for the Eastern District of Pennsylvania.

Share this on

Related Content

• Topics
• Author
• Most Popular Pages

Sleep Innovations, Foamex settle dispute

Dec 19, 2007

Also by this author

• Advertising and promotions, 2006

• Employees, payroll, 2006

• Sourcing, 2006

• Insights on how to use this issue

• The basics, 2006

Also by Staff Staff

Most Viewed Articles

• Merinos Home Furnishings opening display room, Boyles addition

• Ernest Warsaw, founder of Sheffield Corp., dies at 91

• ‘Mega vessels' likely to boost capacity, stabilize freight rates

• HOM Furniture adds flooring to six Twin Cities stores

• Dan Masters joins Furniture Brands as VP, business development

Sponsored Links

• Resource Center
• Browse Categories
• Browse Companies

Featured Company

• Surya

  

  For more than 30 years, the name Surya has been synonymous with high quality, innovation and luxury. Our Fall 2009 collections are no exception. Our designers have masterfully created some of the most cutting edge and versatile pieces to date. Encompassing... more

---

Related Resources

• Mattress Buying 101 - Connecting with Consumers
• Designing Your Brand’s Website for eCommerce