ArthroCare enters into deferred prosecution agreement, +10.9% AH

|About: ArthroCare Corporation (ARTC)|By:, SA News Editor

ArthroCare (ARTC) +10.9% AH enters into a deferred prosecution agreement with the Justice Department which resolves the DOJ investigation regarding allegations of securities and related fraud committed under a previous management team.

As part of the agreement, ARTC will pay a $30M fine to the DOJ and maintain a compliance program that it must report on annually.