This is the property of the Daily Journal Corporation and fully protected by copyright. It is made available only to Daily Journal subscribers for personal or collaborative purposes and may not be distributed, reproduced, modified, stored or transferred without written permission. Please click "Reprint" to order presentation-ready copies to distribute to clients or use in commercial marketing materials or for permission to post on a website. and copyright (showing year of publication) at the bottom.
Subscribe to the Daily Journal for access to Daily Appellate Reports, Verdicts, Judicial Profiles and more...

Securities

Feb. 4, 2009

Judge Reinstates Options Suit Against Broadcom

A federal judge in Los Angeles on Monday reversed his earlier decision and allowed a securities fraud class action to proceed against Broadcom Corp. and its billionaire co-founders, setting up a massive stock options showdown.

By Gabe Friedman
Daily Journal Staff Writer

LOS ANGELES - A federal judge in Los Angeles on Monday reversed his earlier decision and allowed a securities fraud class action to proceed against Broadcom Corp. and its billionaire co-founders, setting up a massive stock options showdown.

Last October, U.S. District Judge Manuel L. Real had dismissed the same case.

Real initially ruled the plaintiffs had not sufficiently alleged Broadcom's stoc...

To continue reading, please subscribe.
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!

Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)

Already a subscriber?

Enewsletter Sign-up