AUSTIN, Texas--(BUSINESS WIRE)--ArthroCare Corp. (NASDAQ: ARTC) announced today that, as expected, it received a NASDAQ Staff Determination Letter on August 13, 2008, stating that the Company is not in compliance with NASDAQ Marketplace Rule 4310(c)(14), and that its common stock is therefore subject to delisting. The letter was issued in accordance with NASDAQ procedures because the Company did not timely file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2008. The Company is appealing this determination and intends to request a hearing before the NASDAQ Listing Qualifications Panel. There can be no assurance that the Panel will grant the Company’s request for continued listing. Pending a decision by the Panel, the Company’s common stock will remain listed on The NASDAQ Global Select Market.
