METAIRIE, La., July 21, 2008 (PRIME NEWSWIRE) -- The Law Offices of Eric J. O'Bell, LLC ("O'Bell") announce that it is commencing an investigation into ArthroCare Corp. ("ArthroCare" or the "Company") (Nasdaq:ARTC) to determine whether it has violated federal securities laws by issuing materially false and misleading statements to shareholders.
ArthroCare, a producer of equipment to enable minimally invasive surgery, reported earlier today it will restate results from 2006, 2007 and the latest first quarter and expected the action to reduce revenue and earnings for these periods. ArthroCare shares have fallen over 37% to a mid-day range of approximately 25.00 per share.
If you are a ArthroCare shareholder, and/or have information that would assist in this ongoing investigation, or have other questions relating any loss you've suffered in your investment, you may e-mail or call Eric J. O'Bell directly without obligation or cost to you at 504-456-8677; or by email at ejo@obelllawfirm.com.
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