NEW YORK, April 14, 2008 (Lawfuel)- The Brualdi Law Firm P.C.
announced today that it has filed that a class action lawsuit has been
commenced in the United States District Court for the Southern District
of Florida on behalf of purchasers of the common stock of ArthroCare
Corp. (“ArthroCare” or the “Company”) (Nasdaq:ARTC) between August 4,
2006 and January 23, 2008, inclusive (the “Class Period”).
No class has yet been certified in the above action. If you purchased
ArthroCare stock during the Class Period, you may be a member of the
proposed Class. You must move the Court on or before June 3, 2008 if
you wish to serve as a lead plaintiff. In making your decision, you
should take into account that those with large financial losses
resulting from the alleged federal securities law violations are given
preference in being appointed lead plaintiff.
To be a member of the class you need not take any action at this time,
and you may retain counsel of your choice. If you wish to discuss this
action or have any questions concerning this Notice or your rights or
interests with respect to these matters, please contact Tali Leger,
Director of Shareholder Relations at The Brualdi Law Firm P.C., 29
Broadway, Suite 2400, New York, New York 10006, by telephone toll free
at (877) 495-1877 or (212) 952-0602, by email to
[email protected] or visit our website at
The Complaint alleges that Defendants’ material misrepresentations
artificially inflated the price of ArthroCare stock, causing it to
trade as high as $64.84 per share during the Class Period. As a result
of adverse news stories and partial disclosures concerning the accuracy
of the Company’s reported financial results and its business dealings
with the “sales agent” and related party, the price of ArthroCare stock
fell to approximately $38.11 by January 25, 2008.
CONTACT: The Brualdi Law Firm P.C.
Tali Leger, Director of Shareholder Relations