Talks Underway To End Cocrystal Pharma Stock-Drop Suit

Law360 (June 8, 2020, 3:26 PM EDT) -- Settlement talks are underway in a derivative suit brought by Cocrystal Pharma Inc. shareholders over a $27 million pump-and-dump scheme that purportedly drove down the value of the company's stock, according to a New Jersey federal court filing Monday.

While mediation with a retired judge failed to yield a deal in the suit against the former executives and high-profile investors of Cocrystal Pharma's predecessor, BioZone Pharmaceuticals Inc., the parties have continued to discuss a resolution, according to the stipulation signed by U.S. District Judge Kevin McNulty.

The stipulation extends the deadline to answer the complaint until further notice and orders the...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!