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News  ›  GlobeNewswire Inc.

INSP INVESTOR ALERT: $42.04 Stock Drop at Inspire Medical Systems (INSP) Triggers Securities Fraud Lawsuit Over Concealed Medicare Billing Software Failures & Inspire V Inventory Glut

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Hagens Berman
INSP INVESTOR ALERT: $42.04 Stock Drop at Inspire Medical Systems (INSP) Triggers Securities Fraud Lawsuit Over Concealed Medicare Billing Software Failures & Inspire V Inventory Glut

Inspire Medical Systems faces a securities class action lawsuit alleging management misled investors about operational readiness for its Inspire V device launch, resulting in a significant stock drop and revenue challenges.

Insights
INSP   negative

Stock dropped $42.04 per share (32.4% decline), EPS guidance slashed by over 80%, alleged concealment of critical operational failures in device launch, Medicare billing software issues, and inventory problems