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Securities

Apr. 8, 2010

Ex-KB Home CEO Testimony Ends

Testimony in the prosecution of ex-KB Home CEO Bruce Karatz on stock option backdating charges ended Tuesday, with prosecutors countering defense arguments that executives at other companies did the same thing without facing charges.

By Gabe Friedman

Daily Journal Staff Writer

LOS ANGELES - Testimony in the prosecution of ex-KB Home CEO Bruce Karatz on stock options backdating charges ended Tuesday, with prosecutors countering defense arguments that hundreds of executives at other companies engaged in similar conduct without facing criminal charges.

Karatz faces charges he covertly backdated his stock options grants to earn millions of extra dollars, and th...

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