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Criminal Law

: Southern California Criminal Defense Blog

Broadcom Case Dismissed: William J. Ruehle and Henry T. Nicholas Exonerated

By Walin & Klarich

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Some members of the local legal community were surprised on Tuesday, December 15, 2009, when a U.S. District Judge Cormac J. Carney acquitted former Broadcom chief financial officer William J. Ruehle, and dismissed charges of fraud and backdating stock options against former Broadcom CEO Henry T. Nicholas. However, the judge did more than just dismiss the case with prejudice on the ground of prosecutorial misconduct, which is likely to preclude the case from ever being prosecuted again. The judge also launched an attack on the federal prosecutors handling the case scorning them for intimidating and threatening key witnesses and lacking evidence to prove the allegations of backdating stock options in order to lower the Irvine semiconductor manufacturing giant compensation expenses on its financial statements to shareholders...continue to full post

Full post as published by Southern California Criminal Defense Blog on February 23, 2010 (boomark / email).

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