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ArthroCare Poked by SEC Probe
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OKLAHOMA CITY -- Arthrocare (ARTC Quote) can now add a government investigation and an expanded class-action lawsuit to its long list of woes.
The Austin, Texas-based medical device maker revealed on Thursday that the Securities and Exchange Commission has launched an informal inquiry into accounting issues related to a looming restatement that the company announced earlier this week.
Meanwhile, securities attorneys have unveiled plans to broaden a class-action lawsuit that they filed against the company months ago. ...
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