Securities
Sep. 1, 2009
Broadcom Agrees to Settle Backdating Case
Irvine-based Broadcom Corp. has reached a tentative $118 million settlement with its shareholders over a derivative action over stock option backdating, including $11.5 million in fees for the plaintiffs' attorneys.
Daily Journal Staff Writer Irvine-based Broadcom Corp. has reached a tentative $118 million settlement with its shareholders over a derivative action over stock option backdating, including $11.5 million in fees for the plaintiffs' attorneys. It marks the one of the largest settlements in a derivative action related to stock options backdating, and may be the largest ever. Significantly, the plaintiff attorneys did not se...
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