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Securities

Jun. 22, 2010

Ex KLA-Tencor CEO Reaches Deal

Kenneth Schroeder, the former chief executive officer who has been battling the SEC for years over its allegations over his role in the company's backdating of stock options, has reached a partial settlement with the government.

By Craig Anderson

Daily Journal Staff Writer

Kenneth Schroeder, the former chief executive officer who has been battling the Securities and Exchange Commission for years over its allegations over his role in the company's backdating of stock options, has reached a partial settlement with the government.

In court papers filed Friday, Schroeder did not admit or deny the SEC claims but agreed to pay a $275,000 fine. Schroeder...

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