A shareholder has filed a court motion seeking to pause InMode's review of the Steel Partners acquisition proposal, alleging procedural defects or conflicts of interest in the board's evaluation process. Such litigation is routine in M&A transactions but introduces execution risk and potential deal delays.
The motion likely centers on board independence, process fairness, or disclosure adequacy—standard shareholder-protection arguments. If granted, the pause could extend the review timeline, allowing competing bidders to emerge or forcing renegotiation of the Steel Partners offer. InMode's board will defend the process and seek expedited resolution.