Inspire Medical Systems Faces Multiple Class Action Lawsuits

Investors allege misleading statements and operational failures led to significant financial losses.

Multiple law firms have announced class action lawsuits against Inspire Medical Systems, Inc., citing misleading statements and operational failures.
Investors who purchased shares between May 3, 2023, and November 7, 2023, are encouraged to join the lawsuits.
The lawsuits claim that Inspire Medical's Acceleration Program faced significant challenges, leading to a shortfall of procedures for its sleep apnea device.
Following the announcement of disappointing earnings and the acknowledgment of operational issues, Inspire Medical's stock price dropped approximately 20%.
The deadline for investors to file lead plaintiff applications in the securities class action lawsuit is February 20, 2024.