Former ArthroCare CFO Gets 50 Months In Prison
Michael Gluk, who participated in a scheme to falsely inflate ArthroCare’s earnings by parking unsold merchandise with distributors, pleaded guilty to one count of conspiracy to commit wire and securities fraud after his initial conviction was overturned.
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20-Year Sentence Upheld For ArthroCare Exec
The Fifth Circuit Court of Appeals has rejected former ArthroCare CEO Michael Baker’s appeal of a 20-year sentence. Baker was convicted on charges related to a $750m fraud case.
Medtech And US DoJ: EpiPen, Dermagraft Lead 2017 Payouts To Feds
US DoJ collected more than $1bn in penalties from device manufacturers this year, chiefly on false claims and manufacturing violations. Here is a roundup and sortable table of the payouts.
Former Arthrocare CEO Conviction Upheld
A Texas federal judge has tossed former ArthroCare CEO Michael Baker’s request to get his fraud convictions overturned. Baker was convicted on multiple counts of wire and securities fraud and false statements in July following a retrial.