Fraud Charges Against Former Broadcom Execs Dismissed

Yet another stock options backdating case blew up Dec. 15, 2009, when a federal judge in California dismissed criminal and civil securities fraud charges against former Broadcom Corp. officers because of prosecutorial misconduct.

Federal District Judge Cormac Carney acquitted Broadcom's former chief financial officer, William Ruehle, and dismissed charges against Henry T. Nicholas III, the company's co-founder. He previously had thrown out co-founder Henry Samueli's guilty plea of lying to the Securities and Exchange Commission (SEC). Carney set a Feb. 2 hearing on drug charges against Nicholas, saying the government would have to convince him not to throw out those charges, too.

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Mary Swanton

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