Might explain why this case is taking so long. 
 
TO: KOJI FUKUMURA / COOLEY

COPY: BY POST: AMIT MUNSHI, BY EMAIL: KEVIN LIND, STEVEN SPECTOR 

re: https://ecf.casd.uscourts.gov/doc1/037111819880

AMIT/STEVEN: DO YOU HAVE THE WISDOM TO DEMAND THAT THIS LAWSUIT IS STOPPED? COOLEY IS OBVIOUSLY SUCKING UP A LOT OF OUR MONEY BY MAKING NONSENSE BOGUS FILINGS THAT MADE THE JUDGE RIDICULE US. 

THIS STINKS FROM COOLEY'S ATTEMPT TO USE UP OUR MONEY AND GIVE THIS CASE CONTINUITY. 

WAKE UP GUYS. I heard great judges BLAST LAWYERS LIKE COOLEY FOR THE EXACT SAME PRACTICE COOLEY IS APPARENTLY IS ENGAGED IN: SUCKING OUR MONEY WITH BULLSHIT FILINGS. THIS FILING SHOULD NEVER HAVE HAPPENED. These judges are not idiots -- and you KNOW that Cooley and YOU SHOULD KNOW THIS VERY WELL SPECTOR, FOR ALL THAT MONEY WE'RE PAYING YOU -- YOU SHOULD HAVE HAD THE ABILITY TO ANALYZE THIS FILING AND KNOW IT'S BULLSHIT AND YOU SHOULD HAVE STOPPED COOLEY FROM SPENDING ALL THIS DAMN TIME AND BURNING THROUGH OUR CASH (DILUTED AT 1.15) FOR MAKING THIS BOGYS, WASTE OF TIME FILING. 35 PAGES ++ AT what are they charging? how many shares diluted at 1.15 to pay for this bullshit?!

KOJI:

IS COOLEY NOT TIRED OF TAKING ARENA'S MONEY ????????????

WHAT THE HELL IS COOLEY THINKING MAKING SUCH BOGUS NONSENSE FILINGS WITH THE COURT ?????????

Look at who's getting richer by this? COOLEY 

WE THE SHAREHOLDERS ARE SICK AND TIRED OF FUNDING THIS NONSENSE THAT GOES ON AND ON AND ON and i believe it is perpetuated by you guys (Cooley) and I assume Arena never had the wisdom to say STOP GIVING CONTINUITY TO THIS.

See attached.

Gist of it is this AND YOU SHOULD HAVE KNOWN VERY WELL THE JUDGE IS NOT SOME KIND OF DUMMY. THIS MOTION SHOULD HAVE NEVER BEEN FILED. HOW MUCH DID IT COST US SHAREHOLDERS DILUTING AT 1.15 ??????????? I'M SURE YOU'RE NOT TIRED OF TAKING OUR MONEY -- AND SPECTOR PROBABLY DOESN'T GIVE A RAT'S ANYWAY. 

SHAME ON YOU GUYS. YOU SHOULD HAVE KNOWN BETTER. 

THIS CASE NEEDS TO BE SETTLE. YOU HAVE A MORAL PROFESSIONAL ETHICAL OBLIGATION TO END THIS CASE AND NOT GIVE IT CONTINUITY BY SUCH BULLSHIT FILINGS. END IT. SETTLE IT. FIND A SOLUTION. CLOSE IT. 

How about getting the main cause of this case, i.e., Jack Lief, to participate and cough up some of the tens of millions he made off Arena to reach a closure instead of continuing this stupid fight which is only making Cooley richer and us poorer. JUST DO IT. CLOSE THIS SUCKER AND STOP MAKING BULLSHIT FILINGS. 


"To hold otherwise would result in a nonsensical outcome that the SAC adequately alleged that Defendants acted intentionally or with deliberate recklessness in making false or misleading statements
(as the Ninth Circuit held), but did not adequately allege any false and misleading statements (as Defendants ask this Court to hold with the instant motion)."


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