Securities
Apr. 2, 2010
Powerful Allies on Defense Witness List for Ex-KB Home CEO
Former Mayor Richard Riordan, top left, and philanthropist Eli Broad, bottom right, are among the Los Angeles civic leaders set to testify on behalf of former KB Home CEO Bruce Karatz, top right, who is standing trial on stock option backdating charges. John Keker is Karatz's lawyer.
Daily Journal Staff Writer
LOS ANGELES - For his defense on federal criminal charges of backdating stock option grants and covering it up, former KB Home chief executive Bruce Karatz has assembled a kaleidoscope of Los Angeles's most prominent civic leaders to testify to his good character.
Defense lawyers have included the city's top philanthropist and civic booster, Eli Broad, and former mayor Richar...
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