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Securities

Dec. 1, 2009

Ex-Broadcom CFO Gets Ready to Present Defense

Defense attorneys for Broadcom's former chief financial officer begin their case Tuesday at his criminal trial for stock options backdating, but competing narratives have already emerged to explain why Broadcom announced a $2.2 billion acco

By Gabe Friedman

Daily Journal Staff Writer

Defense attorneys for Broadcom's former chief financial officer begin their case Tuesday at his criminal trial for stock options backdating, but competing narratives have already emerged to explain why Broadcom announced a $2.2 billion accounting restatement in 2007.

William J. Ruehle either understood the rules for granting stock options and lied to lower the company's compen...

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