Ex-ArthroCare CFO Pleads Guilty After First Sentence Nixed

By Melissa Daniels (June 14, 2017, 8:52 PM EDT) -- The former chief financial officer at ArthroCare Corp. copped to a conspiracy charge for his role in an alleged multimillion-dollar securities fraud scheme in a plea agreement filed in Texas federal court on Wednesday after the Fifth Circuit vacated a prior 10-year sentence.

Michael Gluk, 59, was charged alongside co-defendant CEO Michael Baker in 2013 for their role in a multi-year scheme to park millions of dollars' worth of medical devices with distributors at the end of each quarter to boost the company's sales and revenue numbers.

Gluk was initially sentenced to 10 years after a jury found him guilty of...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!