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.

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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