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ArthroCare Restatement Will Cut Up To $37 Million From ’06-’08 Sales Reports

This article was originally published in The Gray Sheet

Executive Summary

Radiofrequency surgical instrument maker ArthroCare plans to restate previously filed financial statements from 2006-2008 to account for improper recording of sales to certain entities, resulting in a $26 million-$37 million reduction in previously recorded revenues

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