Ex-ArthroCare Exec Mostly Ducks $2.1M SEC Judgment

Law360, New York (July 20, 2011, 12:15 PM EDT) -- A former ArthroCare Corp. executive agreed Monday in Texas to a $2.1 million judgment against him, most of which was waived, to settle U.S. Securities and Exchange Commission claims that he fraudulently inflated income projections at the medical device company.

Ex-ArthroCare strategic vice president John Raffle agreed to the final judgment — which did not include a civil penalty — after his ex-wife Kathy, a relief defendant, agreed to disgorge $200,000 on July 11 and his former colleague David Applegate agreed to pay more than $728,000...
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Case Title

Securities and Exchange Commission v. Raffle et al


Case Number

1:11-cv-00540

Court

Texas Western

Nature of Suit

Securities/Commodities

Judge

Sam Sparks

Date Filed

June 27, 2011

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