Insulet shareholder sues over OmniPod Eros

Insulet (NSDQ:PODD) shareholder Frank Carnazza filed a derivative suit against the Billerica, Mass-based company last week in a Massachusetts federal court, alleging that Insulet misrepresented the success of its OmniPod Eros roll-out in 2013, which eventually caused the shares in the company to plummet. Carnazza named a number of former and current executives in the suit, including ex-CEO Duane DeSisto and chairman & chief executive Patrick Sullivan. Get the full story at our sister site, Drug Delivery Business News. The post Insulet shareholder sues over OmniPod Eros appeared first on MassDevice.
Source: Mass Device - Category: Medical Devices Authors: Tags: Diabetes Drug-Device Combinations Food & Drug Administration (FDA) Legal News Pharmaceuticals Wall Street Beat Insulet Source Type: news