Ariad Pharmaceuticals Inc fka ARIA

[Whosetosay]

I believe they are saying that the BoD insider traded on the Iclusig price rises, and the rise in pps, or some similar breach of fiduciary responsibility, hence shareholders would have been harmed. I note, TC and Bollag sold during this period, some might say to lock in, others would say it left a lot of money on the table. I think the latter.

While I believe Denner had breached his responsibilities long ago, it had nothing to do with the actions this silly legal announcement addresses. I doubt any firm will invest in actually filing a suit, and these 'seat reservation' notices will simply be ether.