SAN DIEGO and BILLERICA, Mass., May 13, 2015 /PRNewswire/ -- Shareholder rights law firm Robbins Arroyo LLP announces that an investor of Insulet Corporation (NASDAQGS: PODD) has filed a federal securities fraud class action complaint in the U.S. District Court for the District of Massachusetts. The complaint alleges that the company and certain of its officers and directors violated the Securities Exchange Act of 1934 between February 27, 2013 and April 30, 2015. Insulet develops, manufactures, and sells an insulin infusion system for people with insulin-dependent diabetes.

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View this information on the law firm's Shareholder Rights Blog:
www.robbinsarroyo.com/shareholders-rights-blog/insulet-corporation

Insulet Misrepresents Its Business Practices

According to the complaint, defendants made materially false and misleading statements and failed to disclose material adverse facts about Insulet's business, operations, and prospects. Specifically, defendants failed to disclose that the company: (1) was experiencing slower demand for its products; (2) was facing issues with its sales and marketing efforts; and (3) was experiencing unevenness in its financial performance.

After quarter-over-quarter projections of increased revenue, on April 30, 2015, after the market closed, Insulet announced first quarter 2015 earnings below analyst expectations. The company noted that its "Drug Delivery and International shipments planned for the first quarter [are] now expected to be realized during [the] remainder of 2015." On this news, shares of Insulet declined nearly 10% to close at $26.97 on May 1, 2015.

Insulet Shareholders Have Legal Options

Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Darnell R. Donahue at (800) 350-6003, DDonahue@robbinsarroyo.com, or via the shareholder information form on the firm's website.

Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.

Attorney Advertising. Past results do not guarantee a similar outcome.

Contact:
Darnell R. Donahue
Robbins Arroyo LLP
600 B Street, Suite 1900
San Diego, CA 92101
DDonahue@robbinsarroyo.com
(619) 525-3990 or Toll Free (800) 350-6003
www.robbinsarroyo.com

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SOURCE Robbins Arroyo LLP