Press release
Investigation announced for Investors in NASDAQ: CORT shares concerning possible Securities Laws Violations by Corcept Therapeutics Incorporated
An investigation for investors in Corcept Therapeutics Incorporated (NASDAQ: CORT) shares over potential securities laws violation
Investors who purchased shares of Corcept Therapeutics Incorporated (NASDAQ: CORT), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Corcept Therapeutics Incorporated (NASDAQ: CORT) concerning whether a series of statements by Corcept Therapeutics Incorporated regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Menlo Park, CA based Corcept Therapeutics Incorporated discovers, develops, and commercializes drugs for the treatment of severe metabolic, oncologic, and psychiatric disorders in the United States. Corcept Therapeutics Incorporated reported that its annual Total Revenue rose from $306.48 million in 2019 to $353.87 million in 2020, and that its Net Income increased from $94.18 million in 2019 to $106.01 million in 2020.
On December 8, 2021, Corcept Therapeutics Incorporated disclosed in a filing with the U.S. Securities and Exchange Commission that "[o]n November 15, 2021, the Company received a records subpoena from the U.S. Attorney's Office for the District of New Jersey (the 'NJ USAO') pursuant to Section 248 of the Health Insurance Portability and Accountability Act of 1996 (HIPAA) seeking information relating to the sale and promotion of Korlym, Corcept's relationships with and payments to health care professionals who can prescribe or recommend Korlym and prior authorizations and reimbursement for Korlym." Corcept further disclosed that "[t]he NJ USAO has informed Corcept that it is investigating whether any criminal or civil violations by Corcept occurred in connection with the matters referenced in the subpoena."
Shares of Corcept Therapeutics Incorporated (NASDAQ: CORT) declined from $23.94 per share on November 17, 2021, to as low as $15.83 per share on December 8, 2021.
Those who purchased shares of Corcept Therapeutics Incorporated (NASDAQ: CORT) have certain options and should contact the Shareholders Foundation.
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 lawsuits, 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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