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Bragar Eagel & Squire, PC Studies Sea, Cortexyme, Fat, and Koppers and… | Your money

NEW YORK, March 18, 2022 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is investigating potential claims against Sea Limited (NYSE:SE) , Cortexyme, Inc. (NASDAQ: CRTX), FAT Brands, Inc. (NASDAQ: FAT) and Koppers Holdings, Inc. (NYSE: KOP). Our investigations focus on whether these companies have violated federal securities laws and/or engaged in other illegal business practices. Additional information on each case can be found at the link provided.

Sea Limited (NYSE: SE)

On February 14, 2022, Bloomberg reported that “India has banned 54 apps it says are of Chinese origin, including Sea Ltd.’s flagship game Free Fire, citing security concerns.”

On this news, Sea’s stock price fell $29.11 per share, or 18.39%, to close at $129.17 per share on February 14, 2022.

For more information on the Sea survey, visit: https://bespc.com/cases/SE

Cortexyme, Inc. (NASDAQ: CRTX)

On October 26, 2021, Cortexyme published a press release “report[ing] key results from its Phase 2/3 GAIN trial, a double-blind, placebo-controlled study evaluating the efficacy of atuzaginstat (COR388), an orally-administered investigational small molecule that targets the bacteria’s gingipain proteases Porphyromonas gingivalis (P. gingivale). The press release reported, in relevant part, that the study did not reach statistical significance in its co-primary endpoints of improvement in cognitive and functional abilities in patients with Alzheimer’s disease. Mild to moderate Alzheimer’s. On this news, Cortexyme’s stock price fell $44.17 per share, or 76.58%, to close at $13.51 per share on October 27, 2021. Then, on January 26, 2022, Cortexyme revealed to have received a letter from the United States Food and Drug Administration (“FDA”) advising that the FDA had “plac[ed] a full clinical hold of the investigational new drug application for atuzaginstat (COR388) (IND 134303).

On this news, Cortexyme’s stock price fell $2.85 per share, or 31.46%, to close at $6.21 per share on January 26, 2022.

For more information on the Cortexyme survey, visit: https://bespc.com/cases/CRTX

FAT Brands, Inc. (NASDAQ: FAT)

The investigation aims to determine whether the Company has made false and/or misleading statements and/or has failed to disclose relevant information to investors. FAT Brands is the subject of a report published by the Los Angeles Times on February 19, 2022. According to the Times, “Federal authorities have investigated Andrew Wiederhorn, chief executive of the company that owns the Fatburger and Johnny Rockets restaurant chains, and examining the actions of a family member in an investigation into allegations of securities and wire fraud, money laundering and attempted tax evasion, court records show.

On this news, shares of FAT Brands fell $2.42, or 22.9%, to close at $8.14 per share on Feb. 22, 2022, hurting investors.

For more information on the FAT Brands survey, visit: https://bespc.com/cases/FAT

Koppers Holdings, Inc. (NYSE: KOP)

On February 23, 2022, Koppers disclosed that the United States Securities and Exchange Commission was conducting an investigation “into public disclosures of the company’s non-GAAP financial measures relating to debt reduction target and leverage ratio. net of the company for fiscal year 2019 and the related management of its accounts payable.” Koppers’ chief executive and other current and former officers and employees had received subpoenas for information and testimony pursuant to a court order. official investigation dated February 14, 2021.

For more information on the Koppers investigation, visit: https://bespc.com/cases/KOP

About Bragar Eagel & Squire, PC:

Bragar Eagel & Squire, PC is a nationally recognized law firm with offices in New York, California and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivatives and other complex litigation before state and federal courts across the country. For more company information, please visit www.bespc.com. Lawyer advertisement. Prior results do not guarantee similar results.

Contact information:

Bragar Eagel & Squire, CP Brandon Walker, Esq. Alexandra B. Raymond, Esq. (212) 355-4648 [email protected]