Securities
Dec. 31, 2009
Broadcom Settles Backdating Suit
Irvine-based Broadcom has agreed to pay $160.5 million to settle a stock-options backdating lawsuit brought by shareholders who bought into the company between 2005 and 2006, the parties announced Tuesday.
Daily Journal Staff Writer
LOS ANGELES - Irvine-based Broadcom has agreed to pay $160.5 million to settle a stock-options backdating lawsuit brought by shareholders who bought into the company between 2005 and 2006, the parties announced Tuesday.
With the settlement, it appears the semiconductor maker may be moving past the pile of criminal and civil litigation relating to backdated stock options that swamped the c...
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