An investigation on behalf of current long term investors in Corcept Therapeutics Incorporated (NASDAQ: CORT) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NASDAQ: CORT stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 06/17/2019 -- An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Corcept Therapeutics Incorporated.
Investors who are current long-term investors in Corcept Therapeutics Incorporated (NASDAQ: CORT) shares, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm for current long-term investors in NASDAQ: CORT stocks follows a lawsuit filed against Corcept Therapeutics over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: CORT stocks, concerns whether certain Corcept Therapeutics Incorporated directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the defendants failed to disclose to investors that the Company had improperly paid doctors to promote its drug Korlym, that the Company aggressively promoted Korlym for off-label uses, that the Company's sole specialty pharmacy was a related party, that the Company artificially inflated its revenue and sales using illicit sales practices through a related party, that such practices are reasonably likely to lead to regulatory scrutiny, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of Corcept Therapeutics Incorporated (NASDAQ: CORT) have certain options and should contact the Shareholders Foundation.
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