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: Legal Pad | LA

Judge Carney dismisses felony charge against Samueli

By Richard Binder

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U.S. District Judge Cormac J. Carney a year ago had rejected a plea bargain for Samueli because it did not allow for any jail time. But in a seeming about-face, Carney cleared the Broadcom co-founder of a criminal charge of lying to investigators in a probe of improper accounting at the Irvine microchip designer.

Moments after Samueli completed two days of testimony in the related criminal trial of another former Broadcom executive, the judge said that what Samueli had told the Securities and Exchange Commission was "ambiguous and evasive" but not a material false statement and therefore not a crime.

Carney went on to say that he believed the U.S. Constitution's protection against double jeopardy would bar prosecutors from refiling charges against Samueli.

Full story at LATimes.com.

Full post as published by Legal Pad | LA on December 10, 2009 (boomark / email).

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