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: Legal Pad | LAEmulex wants the skinny on Nicholas before Broadcom takeover
By Richard Binder
Emulex Corp. has asked a court to block a $764-million hostile takeover bid from Irvine chip maker Broadcom Corp. until Broadcom comes clean about messy criminal charges pending against its former chief executive, Henry Nicholas III.
The lawsuit, which was filed Friday in Orange County Superior Court in Santa Ana, said Emulex shareholders should be suspicious of Broadcom's overtures because of the scandals surrounding the firm in recent years.
The suit asks for an injunction to stop Broadcom from proceeding until it discloses more information about drug-related and stock-option-backdating accusations involving Nicholas.
The suit is just the latest salvo in the battle between the two Orange County technology companies. Read more here.
Full post as published by Legal Pad | LA on June 02, 2009 (boomark / email).
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