Corcept Therapeutics Incorporated
(NASDAQ CM: CORT)
Rigrodsky Law, P.A. is investigating potential claims against the officers and directors of Corcept Therapeutics Incorporated ("Corcept") on behalf of stockholders. A class action complaint has been filed against Corcept, which alleges that defendants made materially false and/or misleading statements, and failed to disclose material adverse facts about Corcept's business, operations, and prospects. Specifically, defendants failed to disclose to investors that: (i) Corcept improperly paid doctors to promote its drug Korlym; (ii) Corcept aggressively promoted Korlym for off-label uses; (iii) Corcept's sole specialty pharmacy was a related party; (iv) Corcept artificially inflated its revenue and sales using illicit sales practices through a related party; (v) such practices are reasonably likely to lead to regulatory scrutiny; and (vi) thus, defendants' positive statements about Corcept's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.