Cassava Sciences DOJ Inquiry Closed
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 19 2026
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Cassava Sciences announced that the U.S. Department of Justice Fraud Section has closed its inquiry into the Company regarding allegations of research misconduct as described in the indictment in United States v. Wang, 8:24-cr-000211-TDC. That indictment was dismissed with prejudice by DOJ on October 23, 2025. As previously disclosed, the Company reached a settlement with the U.S. Securities and Exchange Commission of negligence-based disclosure charges in September 2024 and paid a monetary penalty without admitting or denying the SEC's allegations. The Company cooperated fully with both the DOJ and SEC investigations. These outcomes end the investigations of the Company by the DOJ and SEC.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
