You are absolutely 100% correct. There is no law suit that was filed against ariad. They have started an "investigation" which I believe you have correctly summarized as a desperate attempt to find a lead plaintiff for what seems to be quite frivolous of a veiled suit.
Unfortunately sometimes individuals are careless with their words. In some instances they are intentionally misleading. Thanks for posting the clarification for those who may not have read carefully what the announcement actually said.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.