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Securities

Oct. 27, 2009

Broadcom Options Trial Opens

The first criminal trial to arise out of Broadcom's options scandal jumped to a venomous start Friday morning, with lawyers trading charges of lying.

By Gabe Friedman

Daily Journal Staff Writer

SANTA ANA - The first criminal trial to arise out of Broadcom's stock options scandal got off to a venomous start Friday morning when a federal prosecutor repeatedly called the former chief financial officer a liar during his nearly two-hour opening statement.

As the prosecutor spoke, William J. Ruehle, the white-haired, ruddy 67-year-old defendant and CFO of Broadcom until 2006, ...

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