Shareholder Lawsuit Filed Against Insys Therapeutics: Kessler Topaz Meltzer & Check LLP

RADNOR, Pa., March 18, 2016 -- Kessler Topaz Meltzer & Check, LLP files shareholder class action lawsuit against Insys Therapeutics, Inc. (NASDAQ:INSY) (“Insys” or the “Company”) on behalf of purchasers of the Company’s securities between March 3, 2015 and January 25, 2016, inclusive (the “Class Period”). 

Insys shareholders who wish to submit their information or request additional information about the lawsuit are encouraged to contact Kessler Topaz Meltzer & Check attorneys D. Seamus Kaskela, Esq. or Adrienne O. Bell, Esq. at (888) 299-7706 or online at https://www.ktmc.com/new-cases/insys-therapeutics-inc.

The class action complaint alleges that Insys and certain of its executive officers made a series of false and misleading statements and failed to disclose material adverse facts about the Company’s business and operations to investors during the Class Period.  Specifically, the defendants are alleged to have failed to disclose that: (i) the Company was engaged in the illegal and improper off-labeling marketing of Subsys; (ii) certain Insys employees—including Defendant Michael L. Babich, the President and Chief Executive Officer of Insys during much of the Class Period—were complicit in an illegal kickback scheme operated for the purpose of increasing prescriptions of Subsys; and (iii) as a result, the Company’s financial statements were materially false and misleading at all relevant times.

Insys shareholders who purchased their securities during the Class Period (March 3, 2015 – January 25, 2016) may, no later than April 4, 2016, petition the Court to be appointed as a lead plaintiff representative of the class. 

A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation.  Members of the purported class may petition the Court through Kessler Topaz Meltzer & Check or other counsel, or may choose to do nothing and remain an absent class member.  In order to be appointed as a lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class in the action.  Your ability to share in any recovery is not affected by the decision of whether or not to petition the Court to be appointed as a lead plaintiff. 

Kessler Topaz Meltzer & Check prosecutes class actions in state and federal courts throughout the country.  Kessler Topaz Meltzer & Check is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world.  The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars).  For more information about Kessler Topaz Meltzer & Check, or for additional information about participating in this action, please visit www.ktmc.com.

CONTACT: 
Kessler Topaz Meltzer & Check, LLP
Darren J. Check, Esq.
D. Seamus Kaskela, Esq.
Adrienne O. Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087
(888) 299-7706