litigation
confidence high
sentiment negative
materiality 0.60
DOJ declines to intervene in Corcept qui tam lawsuit; relator files amended complaint
CORCEPT THERAPEUTICS INC
- DOJ filed Notice of Election to Decline Intervention on May 19, 2026 in case U.S. et al. ex rel. Stephen Elliott v. Corcept Therapeutics.
- DOJ, California Dept of Insurance, and named Plaintiff States all declined to intervene in the qui tam action.
- Relator served an amended complaint on June 2, 2026; company intends to vigorously defend.
- Allegations relate to Korlym sales, promotion, payments to HCPs, and prior authorizations (from Nov 2021 subpoena).
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