STOCK TITAN

InMode Granted Preliminary Injunction Against Online Sellers Prohibiting Counterfeit Sales of Morpheus8 Radiofrequency Devices and Cartridge Accessories

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

InMode (INMD) has secured a preliminary injunction from the U.S. District Court for the Central District of California against sellers of counterfeit Morpheus8 radiofrequency devices and accessories. The court order, issued by Judge Michael Fitzgerald on September 3, 2024, includes asset freezing and listing removals for involved sellers. The company previously obtained a Temporary Restraining Order due to public safety concerns regarding counterfeit medical products. CEO Moshe Mizrahy emphasized the company's zero-tolerance approach to counterfeit products and commitment to public safety. InMode will continue enforcement actions against counterfeit sellers and directs U.S. patients to verify authorized providers through their website.

InMode (INMD) ha ottenuto un'ingiunzione preliminare dal Tribunale Distrettuale degli Stati Uniti per il Distretto Centrale della California contro i venditori di dispositivi e accessori Morpheus8 contraffatti. L'ordinanza del tribunale, emessa dal giudice Michael Fitzgerald il 3 settembre 2024, prevede il congelamento dei beni e la rimozione delle inserzioni per i venditori coinvolti. L'azienda aveva precedentemente ottenuto un'ingiunzione temporanea restrittiva a causa di preoccupazioni per la sicurezza pubblica riguardo ai prodotti medici contraffatti. Il CEO Moshe Mizrahy ha sottolineato l'approccio di tolleranza zero dell'azienda verso i prodotti contraffatti e il suo impegno per la sicurezza pubblica. InMode continuerà le azioni di enforcement contro i venditori di prodotti contraffatti e invita i pazienti statunitensi a verificare i fornitori autorizzati tramite il proprio sito web.

InMode (INMD) ha obtenido una orden judicial preliminar del Tribunal de Distrito de los Estados Unidos para el Distrito Central de California contra los vendedores de dispositivos y accesorios Morpheus8 falsificados. La orden del tribunal, emitida por el juez Michael Fitzgerald el 3 de septiembre de 2024, incluye el congelamiento de activos y la eliminación de listados para los vendedores involucrados. La compañía había obtenido anteriormente una Orden de Restricción Temporal debido a preocupaciones de seguridad pública en relación con productos médicos falsificados. El CEO Moshe Mizrahy enfatizó el enfoque de cero tolerancia de la compañía hacia los productos falsificados y su compromiso con la seguridad pública. InMode continuará con acciones de enforcement contra los vendedores de productos falsificados y dirige a los pacientes estadounidenses a verificar proveedores autorizados a través de su sitio web.

InMode (INMD)는 캘리포니아 중앙 지구의 미국 지방 법원으로부터 Morpheus8 라디오 주파수 장치 및 액세서리의 위조품을 판매하는 판매자에 대한 임시 금지 명령을 확보했습니다. 2024년 9월 3일 미하엘 피츠제럴드 판사가 발행한 법원 명령에는 관련 판매자의 자산 동결 및 목록 제거가 포함됩니다. 회사는 이전에 위조 의료 제품에 대한 공공 안전 우려로 인해 임시 제한 명령을 받았습니다. CEO 모셰 미즈라히는 위조 제품에 대한 회사의 제로 톨러런스 접근 방식과 공공 안전에 대한 헌신을 강조했습니다. InMode는 위조 판매자에 대한 집행 조치를 계속할 것이며 미국 환자들에게 웹사이트를 통해 승인된 공급자를 확인하도록 안내합니다.

InMode (INMD) a obtenu une injonction préliminaire du tribunal de district des États-Unis pour le district central de Californie contre les vendeurs de dispositifs et d'accessoires Morpheus8 contrefaits. L'ordonnance du tribunal, émise par le juge Michael Fitzgerald le 3 septembre 2024, inclut le gel des actifs et la suppression des annonces pour les vendeurs impliqués. L'entreprise avait précédemment obtenu une ordonnance de restriction temporaire en raison de préoccupations concernant la sécurité publique liée aux produits médicaux contrefaits. Le PDG Moshe Mizrahy a souligné l'approche de tolérance zéro de l'entreprise vis-à-vis des produits contrefaits et son engagement envers la sécurité publique. InMode continuera ses actions d'application contre les vendeurs contrefaits et invite les patients américains à vérifier les fournisseurs autorisés via leur site web.

InMode (INMD) hat eine vorläufige einstweilige Verfügung vom US-Bezirksgericht für den zentralen Bezirk von Kalifornien gegen Verkäufer von gefälschten Morpheus8-Radiofrequenzgeräten und -zubehör erwirkt. Die gerichtliche Anordnung, die am 3. September 2024 von Richter Michael Fitzgerald erlassen wurde, umfasst Vermögenssperrungen und die Entfernung von Angeboten für die betroffenen Verkäufer. Das Unternehmen hatte zuvor eine vorläufige einstweilige Verfügung aufgrund von Sicherheitsbedenken bezüglich gefälschter medizinischer Produkte erhalten. CEO Moshe Mizrahy betonte den Nulltoleranzansatz des Unternehmens gegenüber gefälschten Produkten und das Engagement für öffentliche Sicherheit. InMode wird weiterhin rechtliche Schritte gegen gefälschte Verkäufer einleiten und fordert US-Patienten auf, autorisierte Anbieter über die Website zu überprüfen.

Positive
  • Successful legal action against counterfeit sellers protecting company's intellectual property
  • Court-ordered asset freeze of counterfeit sellers strengthening brand protection
  • Demonstrated ability to enforce trademark rights through legal system
Negative
  • Presence of counterfeit products in the market potentially affecting brand reputation
  • Ongoing costs associated with legal enforcement against counterfeiters

Insights

This preliminary injunction marks a significant legal victory for InMode in protecting its intellectual property and market position. The court's decision demonstrates strong evidence of trademark infringement and public safety concerns, which strengthens InMode's ability to combat counterfeit products. The asset freeze on counterfeit sellers creates an immediate financial impact and establishes a legal precedent for future enforcement actions.

The ruling has three key business implications:

  • Enhanced brand protection and market value preservation
  • Reduced revenue loss from counterfeit sales
  • Strengthened position for future legal actions against other potential counterfeiters
This development helps secure InMode's revenue streams and protects its $1.36B market capitalization from erosion due to counterfeiting.

IRVINE, Calif., Oct. 24, 2024 /PRNewswire/ -- InMode Ltd. (Nasdaq: INMD), a leading global provider of innovative medical technologies, has been granted a preliminary injunction by the U.S. District Court for the Central District of California in a lawsuit filed against sellers identified to be the source of unlawful counterfeit sales of Morpheus8 radiofrequency devices and cartridge accessories. 

On September 3, 2024, the Honorable Michael Fitzgerald of the U.S. District Court for the Central District of California issued the order granting InMode's motion for a preliminary injunction.  InMode's large-scale action against these illegitimate sellers also warranted a Temporary Restraining Order (TRO), which was granted due to strong supporting evidence that it is within the public interest to protect InMode's trademarks and prevent the sale of counterfeit products, particularly in this case, where Defendants' counterfeit Morpheus8 products could be sold to unsuspecting third parties for use in medical procedures. As a result, a court-ordered preliminary injunction has been issued, freezing various assets, and account listings of all sellers involved in the sale of the aforementioned counterfeit goods.

"InMode has zero tolerance for dishonest business practices and considers the safety of the public its number one priority," said Moshe Mizrahy, CEO of InMode. "We will take necessary action with online platforms and sellers participating in the irresponsible use, sale or distribution of our brand and counterfeit products associated with it."

InMode will continue to relentlessly pursue enforcement against sellers of counterfeit InMode products and Morpheus8 devices and accessories to address the harm and adverse reactions caused by counterfeit Morpheus8 devices. In the United States, patients can confirm they are receiving top-quality care from an InMode provider using a genuine Morpheus8 device by finding an authorized provider at www.inmodemd.com/find-a-provider.

About InMode 

InMode is a leading global provider of innovative medical technologies. InMode develops, manufactures, and markets devices harnessing novel radiofrequency ("RF") technology. InMode strives to enable new emerging surgical procedures as well as improve existing treatments. InMode has leveraged its medically accepted minimally invasive RF technologies to offer a comprehensive line of products across several categories for plastic surgery, gynecology, dermatology, otolaryngology, and ophthalmology. For more information about InMode and its wide array of medical technologies, visit www.inmodemd.com.

Press Contact:
Behrman Cesa Communications
inmode@behrmancesa.com 

Investor Contact:
MS-IR LLC
Miri Segal – Scharia
ir@inmodemd.com 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/inmode-granted-preliminary-injunction-against-online-sellers-prohibiting-counterfeit-sales-of-morpheus8-radiofrequency-devices-and-cartridge-accessories-302285167.html

SOURCE InMode Ltd.

FAQ

What legal action did InMode (INMD) secure against counterfeit sellers in September 2024?

InMode secured a preliminary injunction from the U.S. District Court for the Central District of California, freezing assets and account listings of sellers involved in counterfeit Morpheus8 device sales.

How can patients verify authentic InMode (INMD) Morpheus8 providers in the US?

Patients can verify authentic InMode Morpheus8 providers by using the authorized provider finder tool at www.inmodemd.com/find-a-provider.

What measures did the court grant InMode (INMD) against counterfeit sellers?

The court granted both a Temporary Restraining Order (TRO) and a preliminary injunction, which includes freezing assets and account listings of counterfeit sellers.

InMode Ltd. Ordinary Shares

NASDAQ:INMD

INMD Rankings

INMD Latest News

INMD Stock Data

1.34B
68.05M
10.76%
63.75%
8.17%
Medical Devices
Healthcare
Link
United States of America
Yokne'am