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The Schall Law Firm reminded investors Tuesday of a pending class action against Insulet Corporation (NASDAQ: PODD), citing alleged violations of Sections 10(b) and 20(a) of the Securities Exchange Act.
The Los Angeles firm, which describes itself as a national shareholder rights litigation practice, said investors retain the opportunity to seek the lead plaintiff role in the case.
The securities fraud allegations The complaint against Insulet names two provisions of the Securities Exchange Act.
Section 10(b) is the principal federal anti-fraud statute governing securities purchases and sales; Section 20(a) holds controlling persons liable when someone under their direction has violated the Act.
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