Securities Class Action Filed Against Insulet Corporation
Violations of federal securities laws as a result of a series of materially false statements. The Complaint alleges that Defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects, including that: (1) the Company was experiencing slower demand for its products; (2) the Company was facing issues with its sales and marketing efforts; (3) as a result, the Company experienced unevenness in its financial performance; and (4) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects lacked a reasonable basis. As a result of Defendants’ wrongful acts and omissions, and the precipitous decline in the market value of the Company’s securities after disclosing the decline in its revenues, Class members have suffered significant losses and damages. Filed in D. Mass.
Lead Plaintiff Deadline: The deadline to file for lead plaintiff in this action is 7/6/2015.
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