AUSTIN, Texas--(BUSINESS WIRE)--ArthroCare Corp. (NASDAQ: ARTC) announced today that, as expected, it received an additional NASDAQ Staff Determination Letter on November 12, 2008 in connection with the Company’s inability to timely file its Quarterly Report on Form 10-Q for the period ended September 30, 2008 with the Securities and Exchange Commission (the “SEC”). The Additional Staff Determination letter states that the Company is therefore not in compliance with NASDAQ Marketplace Rule 4310(c)(14), and that this issue may serve as an additional basis for the NASDAQ Listing Qualifications Panel (the “Panel”) to delist its common stock from NASDAQ.
