Inspire Medical Investor Drops Suit Against Board Over Program

An Inspire Medical Systems Inc. investor’s request to voluntarily dismiss his derivative suit over the sleep apnea device company’s prior authorization program is granted, a federal court ruled Thursday.

Lawrence Hollin said in his request that he had decided to seek to inspect company books and records instead—a preliminary step to a possible new derivative suit on behalf of the company. Notice to Inspire shareholders isn’t required, Judge Nancy Brasel said for the US District Court for the District of Minnesota.

• Hollin alleged the directors and executives caused Inspire to conceal that it had stopped working directly with physicians to ...