December 8, 2014 by Brad Perriello
A federal judge denies bids for new trials for former ArthroCare CEO Michael Baker and CFO Michael Gluk.
There will not be any new trials for 2 former ArthroCare (NSDQ:ARTC) executives, a federal judge in Texas ruled Dec. 4.
Former ArthroCare CEO Michael Baker and CFO Michael Gluk were convicted last June of running a scheme to defraud investors of more than $750 million; Baker was sentenced to 20 years in prison and Gluk drew a 10-year term.
Last month Baker argued that he’s entitled to a new trial because a court security guard excluded of members of Baker’s and Gluk’s families and the general public on the 1st day of jury selection; Gluk asked to join that motion last week. Prosecutors countered that there were, in fact, members of the public allowed into the courtroom that day, providing affidavits from 4 “members of the public who were present throughout the jury-selection process,” according to court documents.
Sparks agreed, ruling that the courtroom was not closed to the public and noting that the family members were only out of the courtroom for about 2½ hours on the trial’s 1st day, according to court documents.
