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CORT.US
id: 585
Corcept Therapeutics (CORT) $14M Securities Settlement
The settlement funds have been distributed to claimants.
$14,000,000
Cash SettlementN.D. California
Court3:19-CV-01372
Case number08/02/2017
Class period Start01/31/2019
Class period End05/13/2024
Claim deadlineCorcept Therapeutics (CORT) agreed to settle $14 million with investors to end a securities class action lawsuit over concealing that it improperly paid doctors to promote its drug Korlym and inflated its revenue and sales using illicit sales practices through a related party.
Case Type
US Securities Class Action
Case Status
Disbursed
Alleged Offence
Misleading Statements,
Financial Misrepresentation,
Failure to Disclose,
Omissions
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Payout per Share
0.06
Filing date
03/14/2019
Lead Plaintiff Deadline
05/13/2019
Plaintiffs
Ferraro Family Foundation
Attorneys
Levi & Korsinsky, LLP (San Francisco, CA)
Defendants
Joseph K. Belanoff, Charles Robb, Sean Maduck
Judge
Hon. Lucy H. Koh
Administrator
A.B. Data Ltd
Settlement agreement date
2023-04-11
Court hearing date
06/06/2024
Exclusion deadline
05/13/2024
Objection deadline
05/13/2024
Trades matching type
FIFO
Disbursement date
03/10/2025
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