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INMD.US
id: 1075

InMode (INMD) Device Pricing and FDA Issues Case

C.D. California
Court
2:24-cv-01219
Case number
04 Jun 2021
Class period Start
12 Oct 2023
Class period End
15 Apr 2024
Lead Plaintiff motion deadline
  • $INMD stockholder filed a claim vs. InMode over misleading them about device pricing, demand and FDA compliance.
  • The news about financial issues caused $INMD to fall 25%, damaging shareholders.
On Feb 17, 2023, an investigation disclosed InMode threatening customers with legal action over device complaints.
  • Customers reported being offered replacements in exchange for signing confidentiality agreements.
On this news, $INMD fell 3.27% on February 21, 2023, seriously damaging shareholders.

On October 12, 2023, InMode adjusted its revenue outlook due to higher costs and stricter leasing rules. A report later exposed price and profit discrepancies, showing big discounts on devices.

Due to this, $INMD dropped by 25.87% in the next two days.

Based on these events, $INMD stockholder filed a claim against InMode and its leaders, accusing them of the following:
  • InMode supposedly lied about device pricing and demand, and misled about FDA compliance, including off-label marketing and injury reporting.
Considering all the information, investors might have grounds to suspect InMode of misleading over the device pricing and FDA compliance, which led to their losses.
Case Status
Lead Plaintiff Appointed
Alleged Offence
Misleading Statements
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
13 October 2024
Filing date
14 February 2024
Lead Plaintiff Deadline
15 April 2024
Judge
Maame Ewusi-Mensah Frimpong
Collecting participants…

InMode Ltd

InMode Ltd. designs, develops, manufactures, and markets minimally invasive aesthetic medical products based on its proprietary radiofrequency assisted lipolysis and deep subdermal fractional radio...

    Ticker
    INMD.US
    ISIN
    IL0011595993
    CIK
    885988
    Sector
    Healthcare
    Industry
    Medical Devices
    Country
    USA
    Address
    Tavor Building, Yokne'am, Israel, 2069206