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Securities

Nov. 21, 2009

Broadcom Defense: Rules Were Tricky

Lawyers for former Broadcom chief financial officer William J. Ruehle used their cross-examination of a prosecution witness to air their defense that accounting rules for stock options are impossibly confusing.

By Gabe Friedman

Daily Journal Staff Writer

SANTA ANA - In the fourth week of his federal criminal trial, lawyers for former Broadcom chief financial officer William J. Ruehle used their cross-examination of a prosecution witness to air their defense that accounting rules for stock options are impossibly confusing.

Ruehle faces federal criminal charges he conspired to falsify Broadcom's financial reporting on its stock opt...

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