Press release
Investigation announced for Investors in InMode Ltd. (NASDAQ: INMD) over possible Wrongdoing
An investigation on behalf of current long term investors in InMode Ltd. (NASDAQ: INMD) shares.
Investors who are current long term investors in InMode Ltd. (NASDAQ: INMD) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NASDAQ: INMD stocks follows a lawsuit filed against InMode Ltd. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: INMD stocks, concerns whether certain InMode Ltd. (directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Central District of California the plaintiff alleges that, the Defendants made materially false and misleading statements and omissions concerning two topics that are of critical importance to investors: (1)the price at which InMode sells its devices, which reflects the demand for those products; and (2) InMode's compliance with U.S. Food and Drug Administration ("FDA") regulations, including the FDA's prohibition on off-label marketing of devices and the FDA's requirements for the reporting of injuries. The plaintiff alleges that the defendants repeatedly touted the demand for InMode's devices and told investors that those devices were never sold at a discount, that InMode also assured investors that it had "obtained [FDA] clearance for the current treatments for which we offer our products" and that "no third-party claims have been brought against us to date", and that as a result of these misrepresentations, the price of InMode common stock traded at artificially inflated prices between June 4, 2021, and October 12, 2023.
Those who purchased shares of InMode Ltd. (NASDAQ: INMD) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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