In a dramatic turn of events, Inspire Medical Systems, Inc. finds itself at the center of a class action lawsuit, as shareholders allege the company misled them about the rollout of its new product, Inspire V. The lawsuit, filed against the company, aims to recover losses for investors affected by what is claimed to be securities fraud between August 6, 2024, and August 4, 2025.
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The complaint accuses Inspire of making false statements and hiding critical information regarding the Inspire V launch. Contrary to the company’s assurances of a successful rollout, the demand for Inspire V was reportedly lackluster, with providers holding excess inventory and showing reluctance to adopt the new treatment. The lawsuit further alleges that Inspire failed to accomplish fundamental tasks necessary for a successful launch. These oversights included incomplete training and onboarding for treatment center customers, inadequate IT systems setup, and failure to update essential insurer claims software. Additionally, Medicare reimbursement processes were not in place at the time of the launch, further complicating the situation.
For those who have experienced financial losses with Inspire Medical Systems, Inc. stock during the specified period, there is an opportunity to seek recovery. Even if you still hold your shares, you can learn more about your rights by visiting the provided link. Participation comes with no cost or obligation.
Levi & Korsinsky, LLP, the firm representing the plaintiffs, is a well-established name in securities litigation. With over 20 years of experience and a track record of securing hundreds of millions for shareholders, they are well-equipped to handle this complex case. The firm boasts a team of over 70 employees and has consistently ranked among the top securities litigation firms in the U.S.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171