Oh no! We hope he's okay!
After a car in front of him suddenly stopped, sources say David swerved, veering his car into oncoming traffic. Driving a silver Cadillac, he slammed into a car going in the opposite direction.
An ambulance has been called as David is currently lying on the ground, bleeding.
So far, there have been no further details, but we'll be sure to keep you updated on his condition.
We're just really hoping his injuries are not as severe as they sound.
UPDATE: A rep for David Arquette tells CNN the actor is "fine" and "on his way to be treated” after being involved in a car accident L.A.
[Image via WENN.]