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ArthroCare Strikes Deal To End SEC Accounting Probe

Law360 (February 10, 2011, 3:13 PM EST) -- ArthroCare Corp. has struck a deal to end the U.S. Securities and Exchange Commission's accounting probe of the medical device maker, avoiding a monetary penalty by agreeing to cease and desist from any securities law violations.

According to the administrative order the SEC released on Wednesday, ArthroCare does not admit or deny any of the commission's allegations or factual findings resulting from the investigation, which the company first revealed in July 2008.

Under the terms of the deal, Austin, Texas-based ArthroCare agreed to cease and desist...
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