Securities
Jul. 29, 2009
Broadcom Legal Defense Fees Exceed $100 Million
Legal costs created by Broadcom's problematic stock option grants have crept past the $100 million mark, and the company's litigation insurers have started to balk at paying the bill, according to its latest financial report.
Daily Journal Staff Writer Legal costs created by Broadcom's problematic stock option grants have crept past the $100 million mark, and the company's litigation insurers have started to balk at paying the bill, according to its latest financial report. Broadcom has advanced the majority of the $101 million in legal payments so far, pursuant to indemnification agreements with its officers. According to its July 25 quarterly financi...
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