Sep 28, 2023
As the leaves begin to turn and a crispness fills the air, it's time for businesses and PR professionals to turn over a new leaf as well.
Cortexyme, Inc. Investigated by Block & Leviton For Potential Securities Law Violations; Investors Who Have Lost Money Are Encouraged to Contact the Firm
March 21, 2022 10:30 AM EDT | Source: Block & Leviton LLP
Boston, Massachusetts--(Newsfile Corp. - March 21, 2022) - Block & Leviton is investigating Cortexyme, Inc. (NASDAQ: CRTX) for potential securities law violations. Investors who have lost money in their Cortexyme, Inc. investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/crtx.
What is this all about?
On January 26, 2022, Cortexyme, Inc. announced that the U.S. Food and Drug Administration ("FDA") placed a full clinical hold on the company's investigational new drug application for atuzaginstat (COR388) for treatment of Alzheimer's disease.
On this news, shares of Cortexyme stock fell more than 30% to close at $6.21 per share January 26, 2022.
On February 1, 2022, Cortexyme issued a press release announcing plans to reduce its workforce by 53% in response to the clinical hold. That same day, Cortexyme announced the resignations of Casey Lynch, the Company's CEO and Chair of the Board, and Steve Dominy, the Company's Chief Scientific Officer and a director.
Who is eligible?
Anyone who purchased Cortexyme, Inc. stock and has lost money may be eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.
What is Block & Leviton doing?
Block & Leviton is investigating whether the Company committed securities law violations and may file an action to attempt to recover losses on behalf of investors who have lost money.
Whistleblowers: Persons with non-public information regarding Cortexyme should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.
What should you do next?
If you've lost money on your investment, you should contact Block & Leviton to learn more via our case website, by email at cases@blockleviton.com, or by phone at (617) 398-5600.
Why should you contact Block & Leviton?
Many law firms have issued releases about this matter; most of those firms do not actually litigate securities class actions. Block & Leviton is a law firm that actually litigates cases. We are dedicated to obtaining significant recoveries on behalf of defrauded investors through active litigation in the federal courts across the country. Many of the nation's top institutional investors hire us to represent their interests. You can learn more about us at our website, www.blockleviton.com, or call (617) 398-5600 or email cases@blockleviton.com with any questions.
This notice may constitute attorney advertising.
CONTACT:
BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (617) 398-5600
Email: cases@blockleviton.com
SOURCE: Block & Leviton LLP
www.blockleviton.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/117489