InMode updates status of U.S. securities class action
InMode Ltd. provides an update on a previously disclosed U.S. shareholder class action lawsuit filed in February 2024 in the Central District of California.
Rhea-AI Filing Summary
InMode Ltd. provides an update on a previously disclosed U.S. shareholder class action lawsuit filed in February 2024 in the Central District of California. The case, brought by Cement Masons and Plasterers Local No. 502 Pension Fund, alleges violations of U.S. securities laws based on purportedly false or misleading statements about the company’s business, operations, sales practices and financial outlook, and seeks unspecified damages.
InMode filed a motion to dismiss the amended complaint in April 2025, and briefing on that motion concluded in July 2025. On September 12, 2025, the Court dismissed with leave to amend 19 of the 24 challenged statements in the amended complaint. InMode states it cannot estimate any potential loss from this case and has not recorded a related liability, and the defendants intend to continue to deny the allegations and vigorously defend against the claims.
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FAQ
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What legal proceeding does InMode (INMD) describe in this 6-K?
What are the main allegations in the InMode (INMD) securities class action?
What recent decision did the Court make in the InMode (INMD) class action?
Has InMode (INMD) recorded a liability for the securities class action?
How is InMode (INMD) responding to the securities class action claims?
What procedural steps has InMode (INMD) taken in the lawsuit so far?
AI-generated analysis. How Rhea-AI works. Not financial advice.