ArthroCare To Settle Class Action Suits For $74M

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ArthroCare To Settle Class Action Suits For $74 Mln, Stock Up (Nasdaq)
(RTTNews) - ArthroCare Corp. (ARTC) Monday said it reached an agreement in principle to settle the private securities class action suits pending against the company and two of its former officers for $74 million. In early morning trade, shares of ArthroCare gapped open sharply higher and currently trading up over 10 percent on more than average volume.
The settlement would finalize all claims arising from the purchase or sale of ArthroCare securities between December 11, 2007 and February 18, 2009, inclusive. The ...

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