According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that:
- InMode heavily discounts almost every device it sells;
- demand for InMode’s products was driven by InMode’s willingness to discount its products;
- InMode violated U.S. Food and Drug Administration (“FDA”) regulations by engaging in off-label marketing and promoting products for treatment of indications for which they lack FDA approval; and
- InMode violated FDA regulations by failing to timely report injuries caused by its devices.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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