I received a Class Action Notice from William Pratt on Arena Pharmaceuticals. Plaintiffs have until November 19, 2010 to move to court. You must have been an investor from December 8, 2009 anytime until September 16, 2010. I actually sold my shares before the decline so I didn't really lose that much money, but I realize that many people did lose a lot of money over this stock. I advised people to sell when I didn't like what I saw.
Numerous Law Firms are Filing Class Action Lawsuits against Arena Pharmaceuticals. This cannot be good for the future of the company. I personally did not lose a huge sum of money and warned people against the dangers of the FDA decisions being made or not being made by the FDA. This actually came down because of an FDA panel lack of recommendation.
Spector Roseman Kodroff & Willis, P.C. Announces Class Action Lawsuits Against Arena Pharmaceuticals, Inc. -- ARNA