Schueneman v. Arena Pharmaceuticals, Inc. et al

  1. November 08, 2017

    Arena Pharma, Investors Strike $24M Deal In Diet Drug Suit

    Arena Pharmaceuticals Inc. has reached a $24 million cash-and-stock deal with a proposed class of investors to settle its seven-year battle in California federal court over allegations the company lied to shareholders that testing was going smoothly for its diet drug lorcaserin, which is sold under the trade name Belviq.

  2. January 10, 2017

    9th Circ. Won't Rehear Investor Suit Over Arena's Diet Drug

    The Ninth Circuit on Tuesday denied Arena Pharmaceuticals' request for a full panel rehearing of its decision that revived a proposed class action alleging the company lied to shareholders that testing for its new diet drug was going smoothly.

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