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Government

Dec. 15, 2009

Broadcom Stock Option Prosecution Dismissed by Judge

In a sweeping decision, a federal judge on Tuesday dismissed the criminal and civil fraud cases against two former Broadcom executives for stock option backdating, likely killing the case forever, and heaped scorn on the federal prosecutors.

By Gabe Friedman

Daily Journal Staff Writer

SANTA ANA In a sweeping decision, a federal judge on Tuesday dismissed the criminal and civil fraud cases against two former Broadcom executives for stock option backdating, likely killing the case forever, and heaped scorn on the federal prosecutors.

U.S. District Judge Cormac J. Carney had hinted at his intentions last week as the trial of Broadcom's former chief financial offic...

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