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Securities

Mar. 11, 2010

Backdating Trial Opens for Ex-KB CEO

Jury selection began Tuesday in the trial of Bruce E. Karatz, the former chairman and chief executive officer of Westwood-based home building giant KB Home who is accused of secretly reaping millions of dollars from backdated options.

By Ciaran McEvoy

Daily Journal Staff Writer

LOS ANGELES - Jury selection began Tuesday in the securities fraud trial of Bruce E. Karatz, the former chairman and chief executive officer of Westwood-based home building giant KB Home who stands accused of backdating stock option grants that secretly reaped him millions of dollars in additional compensation.

Unlike the recent disastrous prosecution of executives with Orange County-...

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