Cerebral Sues Terminated Founder Robertson Over Unpaid Loan

Nov. 22, 2022, 3:14 PM UTC

Cerebral Inc., a provider of mental-health services, sued founder Kyle Robertson over his alleged refusal to repay more than half of a $49.8 million loan he took out from the SoftBank Group Corp.-backed company.

Robertson was ousted as chief executive officer of Walnut, California-based Cerebral in May and replaced with its chief medical officer after federal prosecutors in Brooklyn, New York, said the company was being probed for possible violations of the Controlled Substances Act.

Robertson had built Cerebral into a $4.8 billion online mental-health company but raised concerns among clinicians who said he seemed more focused on ...

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