ArthroCare Strikes Deal To End SEC Accounting Probe

Law360, New York (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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.