Press release
Sage Therapeutics, Inc. (NASDAQ: SAGE) Investor Alert: Lawsuit filed over pay for non-employee directors
A investor in Sage Therapeutics, Inc. (NASDAQ: SAGE) shares filed a lawsuit against certain directors of Sage Therapeutics, Inc.
Investors who purchased shares of Sage Therapeutics, Inc. (NASDAQ: SAGE), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
Cambridge, MA based Sage Therapeutics, Inc., a clinical-stage biopharmaceutical company, develops and commercializes novel medicines to treat central nervous system (CNS) disorders. Sage Therapeutics, Inc. reported that its annual Total Revenue declined from $90.27 million in 2018 to $6.86 million in 2019, and that its Net Loss increased from $372.88 million in 2018 to $680.23 million in 2019.
Shares of Sage Therapeutics, Inc. (NASDAQ: SAGE) declined from $193.56 per share in July 2019 to as low as $25.01 per share on March 18, 2020.
The plaintiff claims that the pay for certain non-employee directors at Sage Therapeutics, Inc is "grossly excessive" and far outpaces that of larger and more profitable companies.
Those who purchased shares of Sage Therapeutics, Inc. (NASDAQ: SAGE), have certain options and should contact the Shareholders Foundation.
Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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