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Investments

Dec. 30, 2000

Sender of Bogus News Release Signs Plea Deal

LOS ANGELES - A 23-year-old El Segundo man probably will plead guilty today to federal charges for sending out a bogus news release about Emulex Corp. last August that caused the Orange County high-tech firm's stock to plunge 62 percent within hours and investors to lose $110 million.

By David Houston
Daily Journal Staff Writer
        LOS ANGELES - A 23-year-old El Segundo man probably will plead guilty today to federal charges for sending out a bogus news release about Emulex Corp. last August that caused the Orange County high-tech firm's stock to plunge 62 percent within hours and investors to los...

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