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PODD Investor Alert: Insulet Corp. Potential Securities Fraud Lawsuit - Investors With Losses May Seek to Lead the Class Action After Executives Allegedly Misled on Safety: Levi & Korsinsky
Levi & Korsinsky announced a potential securities fraud lawsuit against Insulet Corp. (NASDAQ: PODD) after executives allegedly misled investors about the safety and reliability of its Omnipod 5 system. Just weeks after CEO Ashley McEvoy touted the product’s reliability and broad appeal on an earnings call, the company disclosed a voluntary recall due to an insulin-leakage defect linked to serious adverse events, causing PODD shares to fall. The firm is encouraging investors who suffered losses to come forward.