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Insulet Corporation (NASDAQ: PODD) Investor Securities Class Action Lawsuit 05/05/2015

  • You must submit the settlement Proof form attached below, in order to participate in this settlement. There is a strict deadline of August 2, 2018 by which all claims must be submitted. The instructions for submitting are included in the Proof and the Notice files attached below for your download. DO NOT SEND THE FORMS TO THE SHAREHOLDERS FOUNDATION, INC.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Case Dismissed
Company
Insulet Corporation
Security
NASDAQ: PODD

Case Name
Insulet SHareholder Class Action Lawsuit 05/05/2015
Type of Lawsuit
Shareholder Class Action
Court of Filing
U.S. District Court for the District of Massachusetts

Class Period Begin
Class Period End
Deadline To File for Lead
Settlement Notice
insulet_corporation_settlement_notice_5_2018.pdf
Settlement Proof
insulet_corporation_settlement_proof_5_2018.pdf
Filed Complaint
insulet_corporation_original_filing_edited_5_2015.pdf
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Settlement Overview

Date Settled
Date Settled
Settlement Amount
$19,500,000.00
Deadline to Participate in Settlement

You must register to view and download the Settlement Notice and Settlement Proof.

Summary

April 6, 2018 - The court preliminarily approved the settlement.

March 23, 2018 - An amended stipulation of settlement was filed by the parties.

February 9, 2018 - A stipulation of settlement was filed by the parties.

March 17, 2017 - The court denied defendants' motion to dismiss.

August 1, 2016 - A motion to dismiss the amended consolidated complaint was filed.

June 1, 2016 - An amended consolidated complaint was filed.

May 5, 2015 - An investor in shares of Insulet Corporation (NASDAQ: PODD) filed a lawsuit in the U.S. District Court for the District of Massachusetts over alleged violations of Federal Securities Laws by Insulet Corporation in connection with certain allegedly false and misleading statements made between February 27, 2013 and April 30, 2015.

According to the complaint the plaintiff alleges on behalf of purchasers of Insulet Corporation (NASDAQ: PODD) common shares between February 27, 2013 and April 30, 2015, that the defendants violated Federal Securities Laws.

More specifically, the plaintiff claims that defendants allegedly failed to disclose that Insulet Corporation was experiencing slower demand for its products, that Insulet Corporation was facing issues with its sales and marketing efforts, that that, as a result, Insulet Corporation experienced unevenness in its financial performance, and that, as a result of the foregoing, defendants’ positive statements about Insulet Corporation’s business, operations, and prospects lacked a reasonable basis. Insulet Corporation reported that its annual Total Revenue rose from $152.25 million in 2011 to $288.72 million in 2014. Shares of Insulet Corporation (NASDAQ: PODD) $15.22 per share in September 2011 to as high as $49.84 per share in March 2014, respectively $46.56 per share in December 2014.

On April 30, 2015, Insulet Corporation reported its first quarter 2015 financial results. Among other things, Insulet Corporation also reaffirmed its revenue guidance for 2015 and said that for the second quarter of 2015, it is expecting revenue to be in the range of $67 to $70 million.

Shares of Insulet Corporation (NASDAQ: PODD) declined to as low as $25.00 per share on May 1, 2015.

insulet_corporation_original_filing_edited_5_2015.pdf
Date Settled