Inspire Medical Systems, Inc. (NYSE : INSP)

This lawsuit for anyone who acquired securities in Inspire Medical Systems, Inc. (NYSE : INSP) from August 6, 2024 through August 4, 2025.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by overstating demand for the Company’s Inspire V product and also by falsely stating that the Company had taken the necessary steps for a successful launch of its Inspire V product.

On August 4, 2025 when the Company revealed that the Inspire V launch was facing an “elongated timeframe” because, among other issues, “many centers did not complete the training, contracting and onboarding criteria required prior to the purchase and implant of Inspire V.” That same day, Defendants further admitted that although Inspire V’s CPT code has been approved for Medicare patients, “software updates for claims submissions and processing did not take effect until July 1,” which meant that “implanting centers would not be able to bill for those procedures until July 1.” As a result, many treatment centers simply chose to continue treating with Inspire IV. Finally, Defendants revealed that the Inspire V rollout was plagued by poor demand resulting from excess inventory, and the Company reduced its 2025 earnings guidance by more than 80%. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Inspire Medical Systems, Inc. (NYSE : INSP) from August 6, 2024 through August 4, 2025 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.