No Immediate Appeal For Ex-ArthroCare Execs In SEC Suit

Law360, Los Angeles (December 7, 2012, 4:25 PM EST) -- A Texas federal judge on Thursday denied the request of two former ArthroCare Corp. executives to immediately appeal a decision allowing the U.S. Securities and Exchange Commission to move forward on its lawsuit demanding that the men repay bonuses and stock profits under a provision of the Sarbanes-Oxley Act.

U.S. District Judge Sam Sparks of the Western District of Texas ruled against former ArthroCare CEO Michael A. Baker and its former Chief Financial Officer Michael T. Gluk, ruling “judicial economy” would be better served by a...
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