Cerebral sues former CEO over $49.8M loan

Kyle Robertson, former CEO of Cerebral, is being sued by the digital mental health company for allegedly refusing to pay back half of a $49.8 million loan, Bloomberg reported Nov. 22.

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Mr. Robertson was replaced in May after the Justice Department began an investigation into the company for possible violation of the Controlled Substances Act. 

Cerebral filed a lawsuit claiming Mr. Robertson refused to pay back $25.4 million taken out on behalf of the company in January to buy shares of stock, according to Bloomberg. He had pledged 51 percent of the $49.8 million loan as collateral.

  

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