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Securities

Dec. 17, 2009

Broadcom Executives Walk Free After Judge Throws Out Charges

A judge on Tuesday dismissed the federal fraud prosecution of two former Broadcom executives for backdating stock options, likely killing the case forever.

By Gabe Friedman

Daily Journal Staff Writer

SANTA ANA - A judge dismissed the federal fraud prosecution of two former Broadcom executives for backdating stock options on Tuesday, likely killing the case forever, and then heaped scorn on the federal prosecutors who handled the trial.

The judge's decision to dismiss the case rather than let it proceed to the jury marks an extremely rare exercise of judicial authority. Expert...

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