The Shareholders Foundation announces that 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.
Investors who purchased shares of Insulet Corporation (NASDAQ:PODD) have certain options and for certain investors are short and strict deadlines running. Deadline: July 6, 2015. NASDAQ:PODD investors should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
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 disclosethat 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’s business, operations, and prospects lacked a reasonable basis.
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.
Those who purchased shares of Insulet Corporation (NASDAQ:PODD) have certain options and should contact the Shareholders Foundation.
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