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SEC Moves To Set Up $40M Investor Fund In Cassava Case

By Mark Payne ( April 3, 2026, 6:52 PM EDT) -- The U.S. Securities and Exchange Commission asked a Texas federal court on Friday to establish a $40 million fund to potentially compensate investors harmed by a Texas biopharmaceutical company and two former executives' alleged misstatements about an Alzheimer's drug, following the company's 2024 settlement with the regulator....

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