Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired Inari Medical, Inc. (“Inari Medical”) (NASDAQ: NARI) securities between March 10, 2021 and February 28, 2024, inclusive (the “Class Period”).
The complaint alleges that, throughout the Class Period, Defendants consistently touted Inari Medical’s “record revenue,” purportedly driven by “the strength in our core VTE business” but failed to disclose that a significant portion of its expenses were used to compensate medical professionals improperly for using Inari Medical’s products. In truth, while Defendants were speaking positively about the Company’s growth prospects, Inari Medical had been engaging in illegal business practices. Specifically, Inari Medical had been unlawfully compensating health care professionals in violation of the federal Anti-Kickback Statute and Civil False Claims Act while also misleading investors regarding business expenses in order to conceal their illicit conduct.
Current Status of Case:
On September 4, 2025, Defendants filed a Motion to Dismiss the Amended Complaint. The Motion has been fully briefed and is pending decision before the Court. This action is ongoing.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.
ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP:
Kessler Topaz Meltzer & Check, LLP (KTMC) is a leading U.S. plaintiff-side law firm focused on securities-fraud class actions and global investor protection. The firm represents individual investors as well as institutions, such as major pension funds, asset managers, and international investors. KTMC has led some of the largest recoveries in securities litigation and has been recognized by peers and the legal media with numerous accolades, including The National Law Journal’s Plaintiff’s Hot List and Trailblazers in Plaintiffs' Law, BTI Consulting Group’s Honor Roll of Most Feared Law Firms, The Legal Intelligencer’s Class Action Firm of the Year, Lawdragon’s Leading Plaintiff Financial Lawyers, and Law360’s Titans of the Plaintiffs Bar. The firm operates globally with offices in Pennsylvania and California. KTMC has recovered over $25 billion for our clients and the classes they represent.