Did You Own Cassava Sciences ($SAVA) During Its 15% Drop? Investors Settlement Is Available Now
Hey guys, if you missed it, the court finally approved the $31.25M settlement between Cassava Sciences and its investors over claims that the company misled investors about simufilam’s supporting research, data-management controls, and prospects. Here’s a quick recap.
In 2023, Cassava was accused of failing to disclose problems with the research and data supporting simufilam, its potential Alzheimer’s treatment. After a Science report raised concerns about potential scientific misconduct, $SAVA fell 15% the next day, and investors filed a lawsuit.
The good news is that the company recently agreed to settle $31.25M with investors, and the court has approved the settlement.
So, if you invested in $SAVA when all of this happened, you can check the details and file your claim [here](https://11th.com/cases/cassava-investor-settlement).
Anyway, has anyone here invested in $SAVA at that time? How much were your losses, if so?