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Top Trial Firm Cohen, Placitella & Roth, PC Investigating ArthroCare Corporation for Breach of Fiduciary Duty

Cohen, Placitella and Roth, PC is investigating potential legal claims against the Board of Directors of ArthroCare Corporation (“ArthroCare ” or the “Company”) (Nasdaq: ARTC) regarding possible breaches of fiduciary duties and other violations of state law in connection with the  Company’s agreement to be acquired by Smith & Nephew plc.

ArthroCare is a medical device company that develops and manufactures surgical devices, instruments, and implants involving valuable technology. Its devices enable surgical procedures and enable new minimally invasive procedures. ArthroCare’s two core product lines involve sports medicine, a traditionally high-margin business, and ear, nose, and throat (ENT) products.

Under the terms of the transaction, ArthroCare shareholders will receive $48.25 for each share of ArthroCare stock they own. The transaction has a total approximate value of $1.7 billion in cash. The investigation concerns whether the ArthroCare Board of Directors breached their fiduciary duty to ArthroCare shareholders by failing to adequately shop the Company to obtain the best possible value for stockholders before agreeing to enter into this transaction. Bloomberg has reported that at least one analyst has put a price target of $55.00 price per share target on ArthroCare stock.

If you purchased ArthroCare’s stock, and you wish to discuss your rights related to a loss in your investment in ArthroCare, please contact Eduardo A. Texidor, Jr. at [email protected] or, toll free, at 1-215-567-3500. For those investors inquiring via email, please be sure to include “ArthroCare” in the subject line, the number of shares purchased, and your mailing address and telephone number.

Since 1973, Cohen, Placitella & Roth, PC has been recognized as one of the premier trial law firms in the country. The firm has extensive experience in prosecuting securities litigation involving violations of the federal securities laws, state law derivative actions and mergers and acquisitions cases, representing institutional investors such as public pension plans and union pension funds as well as individual shareholders suffering substantial investment losses due to corporate misconduct. LexisNexis Martindale-Hubbell® annually reports Cohen, Placitella & Roth’s peer rating-the highest AV® – “a testament to professional excellence.” Since the inauguration of its “Best Law Firms”‘ edition in 2010, U.S. News and World Report has annually listed Cohen, Placitella & Roth’s as one of the top-tier class action law firms in the country.

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