NEW ORLEANS, Jan. 12, 2024 /PRNewswire/ — ClaimsFiler, a FREE shareholder information service, reminds investors that they have until February 20, 2024 to file lead plaintiff applications in a securities class action lawsuit against Inspire Medical Systems, Inc. (NYSE: INSP), if they purchased the Company’s shares between May 3, 2023 and November 7, 2023, inclusive (the “Class Period”). This action is pending in the United States District Court for the District of Minnesota.
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Inspire investors should visit us at https://claimsfiler.com/cases/nyse-insp/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.
About the Lawsuit
Inspire Medical and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On November 7, 2023, post-market, the Company disclosed disappointing financial results for 3Q 2023, including “a decline in prior authorization submissions for patients seeking Inspire therapy,” as well as problems with its highly touted “Acceleration Program” requiring “some corrective action.”
On this news, shares of Inspire Medical plummeted approximately 20%, from a closing price of $161.74 per share on November 7, 2023, to a closing price of $129.95 per share on November 8, 2023.
The case is City of Hollywood Firefighters’ Pension Fund v. Inspire Medical Systems, Inc., No. 23-cv-03884
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ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.
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