Securities
Dec. 16, 2009
Judge Approves Broadcom Settlement
A judge refused to overturn Broadcom's $118 million settlement with shareholders over stock option backdating, despite defense lawyers' claims that it has become unfair given developments in parallel criminal proceedings.
Daily Journal Staff Writer
LOS ANGELES - A federal judge in Los Angeles refused to overturn Broadcom's $118 million settlement with shareholders over stock option backdating, despite defense lawyers' arguments that it has become unfair given recent developments in parallel criminal proceedings.
One lawyer told U.S. District Judge Manuel L. Real that plaintiff lawyers had excluded three defendants from t...
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