Insulet Corporation

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Case Summary
Company Name: Insulet Corporation
Stock Symbol : (NASDAQ: PODD)
Class Period Start: 02/27/2013
Class Period End: 04/30/2015
Lead Plaintiff motion: 07/06/2015
Date Filed: 05/05/2015
Type of Case: Securities Class Action
Court: U.S. District Court for the District of Massachusetts
Summary:

Thieler Law Corp advises investors with losses exceeding $100,000 of the July 6, 2015 lead plaintiff deadline in a class action lawsuit filed against Insulet Corporation (NASDAQ: PODD) (“Insulet” or “the Company”). The suit is pending in the U.S. District Court for the District of Massachusetts and investors, who purchased Insulet securities between February 27, 2013 and April 30, 2015, have until July 6, 2015 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Insulet securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 866-6157 or emailing mail@thielerlaw.com.  No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that material adverse facts about the Company’s business, operations, and prospects.

Specifically, during the Class Period, Insulet failed to disclose that the Company was experiencing slower demand for its products and that the Company was having challenges with its sales and marketing efforts. Additionally the complaint alleges Insulet, as a result of the lack of disclosures, experienced unevenness in its financial performance and  that, as a result of the foregoing, Insulet’s positive statements about the Company’s business, operations, and prospects lacked a reasonable basis. As a result of Insulet’s wrongful acts and omissions, and the sudden decline in the market value of the Company’s securities after disclosing the decline in its revenues, Plaintiff and other Class members have suffered significant losses and damages.

If you were negatively impacted by your investment in Insulet securities between February 27, 2013 and April 30, 2015 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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Please find below an excerpt of the complaint filed

Insulet Corporation Complaint 2015

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