Wites & Kapetan, P.A. Investigates Filing Class Action Lawsuit Against ARIAD Pharmaceuticals

Wites & Kapetan, P.A. Investigates Filing Class Action Lawsuit AgainstARIAD Pharmaceuticals

OAKLAND, Calif.--(BUSINESS WIRE)-- Wites & Kapetan, P.A. is announcing their investigation of ARIAD Pharmaceuticals, Inc. (NAS: ARIA) and a possible class action lawsuit which may allege that the company and certain of its officers and directors committed violations of the Securities Exchange Act of 1934. Class action lawsuits already filed against ARIAD allege that on October 9, 2013, ARIAD reported that 11.8% of Iclusig-treated patients experienced serious arterial thrombosis. As a result, the Company said it was halting all enrollment in Iclusig clinical trials and that the Food and Drug Administration (FDA) had also placed a partial hold on the trials due to the serious arterial thrombosis occurring in Iclusig-treated patients. On October 9, 2013, ARIAD's stock price declined by $11.31 per share, or 66%, to close at $5.83 per share.


If you are an investor who purchased ARIAD Common Stock between December 12, 2011 and October 8, 2013, you may have a legal claim against ARIAD and could serve as the lead plaintiff in the case. If you are interested in being the lead plaintiff, or would like to speak with an attorney about your legal rights, contact the attorneys at Wites & Kapetan, P.A. by email at info@wklawyers.com or toll-free at 1 (866) 277-8631.

Wites & Kapetan, P.A. is a law firm with offices in Oakland, California and Lighthouse Point, Florida, with expertise in the representation of investors in securities fraud and investor litigation claims. You may visit its website at www.wklawyers.com. Michele Desoer, an attorney at Wites & Kapetan, is a member of the State Bar of California and is responsible for the content of this advertisement.



Wites & Kapetan, P.A.
Michele Desoer,1 (866) 277-8631
info@wklawyers.com

KEYWORDS:   United States  North America  California  Florida

INDUSTRY KEYWORDS:

The article Wites & Kapetan, P.A. Investigates Filing Class Action Lawsuit Against ARIAD Pharmaceuticals originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.