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.
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