litigation
confidence high
sentiment neutral
materiality 0.65
Corcept reaches preliminary $14M settlement in securities class action; insurer to pay
CORCEPT THERAPEUTICS INC
- Settlement of Melucci v. Corcept case in Northern District of California.
- One-time $14.0M payment fully covered by Corcept's insurers.
- Case was pending since 2019; settlement is preliminary subject to court approval.