Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Monday, June 23, 2008

Broadcom Co-Founder Expected to Plead Guilty in Backdating Probe

Broadcom's troubles over backdating continue.  The Wall St. Journal reports that Henry Samueli, co-founder of Broadcom Corp., agreed to plead guilty to making a false statement to the SEC in exchange for 5 years of probation and $12 million in penalties.  His plead agreement will state that during a SEC deposition last year, he falsely stated that he was not involved in granting of options to top executives in 2002.  WSJ, Broadcom Co-Founder Expected to Plead Guilty.

https://lawprofessors.typepad.com/securities/2008/06/broadcom-co-f-1.html

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