Securities
Dec. 25, 2009
Broadcom: A Lesson To Chew On
With more stock option backdating trials slated for 2010, the dismissal of the Broadcom case is likely to gain traction in the defense bar. It may also be an omen for prosecutors as the third failed prosecution for the offense.
Daily Journal Staff Writer
SANTA ANA - After a federal judge rejected the Broadcom stock option prosecution, former company chief financial officer William J. Ruehle retreated to a discreet spot in the courtroom hallway.
Prosecutors had accused him of backdating stock option grants to hide Broadcom's compensation expenses from shareholders. But U.S. District Judge Cormac J. Carney turned the case upside dow...
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?
Sign In