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ArthroCare, Justice Department extend tolling statute of limitations

ArthroCare disclosed Friday that in connection with the cooperation by the company with the ongoing investigation by the U.S. Department of Justice, it entered into a statute of limitations tolling agreement with the Justice Department that was previously extended to March 30. On March 29, the DOJ and ArthroCare mutually agreed to extend further the tolling of the statute of limitations to May 31, 2013. The company said it cannot predict the ultimate outcome and is unable to estimate any potential liability that may be incurred.