RE: Cocrystal Pharma $6.9 million arbitration case against HVIVO2 Apr 2026 11:13
I beleive they have a history of getting sued themselves
Cocrystal Pharma (formerly BioZone Pharmaceuticals) settled a 2018 class-action lawsuit for $1.265 million in 2021, which alleged executives made false statements, violated securities laws, and failed to maintain internal controls. Additional litigation includes a 2023 patent infringement suit regarding products from its former, non-core business.
Kurta Law Firm
Key Lawsuits and Legal Actions
Securities Class Action (Settled 2021): Investors filed a lawsuit in September 2018 alleging that from 2013 to 2018, the company made material misrepresentations regarding its operations and failed to disclose information regarding fraudulent stock manipulation, as outlined by Robbins LLP.
Breach of Fiduciary Duty (Settled 2020): A separate suit alleging executives breached their fiduciary duties and failed to maintain internal controls was settled in August 2020.
Kaneka Corporation Patent Infringement (2023): Kaneka filed a lawsuit alleging that Cocrystal violated its patent rights regarding the production of reduced coenzyme
Insurance Coverage Dispute: Cocrystal was involved in a dispute with Liberty Insurance Underwriters regarding the repayment of $1.1 million in defense costs for an SEC investigation into its predecessor, BioZone.
Background
Cocrystal Pharma was formed in 2014 through a merger with BioZone Pharmaceuticals. Investors and law firms noted that the previous executives and directors were involved in a fraudulent stock scheme that impacted the company's valuation before it shifted focus, according to an investigation by Pomerantz Law Firm.