Securities
Sep. 30, 2009
Broadcom Shareholder Deal Gets Tentative OK
A federal judge preliminarily approved a $118 million partial settlement in the Broadcom shareholder derivative litigation.
Daily Journal Staff Writer
LOS ANGELES - A federal judge on Monday preliminarily approved a $118 million partial settlement in the Broadcom shareholder derivative litigation.
Lawyers for shareholders asked U.S. District Judge Manuel L. Real to impose a $50,000 fine against Skadden, Arps, Slate, Meagher & Flom for discovery violations, but the judge declined.
Skadden, which represents former c...
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