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: Legal Pad | LABroadcom chief wins bid to sever backdating trial
By Jonathan Hayter
A federal judge has granted a motion by Broadcom Corp.'s co-founder and former chief executive, Henry Nicholas, to sever his upcoming stock options backdating trial from William J. Ruehle, the former chief financial officer of the Irvine, Calif.-based tech company.
Nicholas and Ruehle have been charged with stock options backdating that lead Broadcom to restate more than $2.2 billion in January 2007. They were indicted last year on conspiracy, securities fraud and other charges that could result in maximum sentences of more than 300 years for each of them.
Both have pleaded not guilty.
Full story on NLJ.com.
Full post as published by Legal Pad | LA on January 27, 2009 (boomark / email).
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