NEW YORK, NY / ACCESSWIRE / February 14, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of INMODE LTD. ("InMode" or "the Company") (NASDAQ:INMD). Investors who purchased InMode securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/INMD.
Investigation Details:
On February 17, 2023, an investigative publication revealed that InMode had threatened certain customers with legal action over complaints made about the Company's devices and sales tactics. The customers also stated that InMode offered to replace defective products on the condition of signing confidentiality agreements with non-disparagement clauses. On this news, InMode's stock price fell $1.21 per share, or 3.27%, to close at $35.81 per share on February 21, 2023.
Then, on October 12, 2023, InMode lowered its full-year revenue guidance, citing higher interest rates, tighter leasing approval standards, and bottlenecks in loan processing.
Later that same day, an investigative publication announced a forthcoming report on InMode, relating to the Company's statements to investors about pricing flexibility of products and margin consistency. After the close of trading, the publication released that story, revealing that the Company had routinely and significantly discounted the prices of its devices. On this news, InMode's stock price fell $7.24 per share, or 25.87%, over two trading sessions, to close at $20.75 per share on October 13, 2024.
What's Next?
If you are aware of any facts relating to this investigation or purchased InMode securities, you can assist this investigation by visiting the firm's site: bgandg.com/INMD. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
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Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
332-239-2660 | [email protected]
SOURCE: Bronstein, Gewirtz & Grossman, LLC