Comfort Co. Files For Ch. 11, Citing Subprime Woes

Law360, New York (October 6, 2008, 12:00 AM EDT) -- The privately held parent of the Sleep Innovations foam mattress and pillow company filed for Chapter 11 on Friday, citing higher prices for foam-making components and the housing slowdown as primary reasons for its financial struggles.

West Long Branch, N.J.-based Comfort Co. Inc. filed a petition in the U.S. Bankruptcy Court, District of Delaware, on Friday, listing assets and liabilities estimated at $100 million to $500 million each.

In a declaration supporting the bankruptcy, Comfort Co. Inc. CEO Richard A. Heller said the company succumbed to...
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