Judge Ends ‘Distorted’ Broadcom Backdating Case

Law360, New York (December 15, 2009) — Chiding the U.S. government for intimidating witnesses and creating a “mockery” of the criminal process, a federal judge has thrown out criminal charges against former executives at semiconductor company Broadcom Corp., bringing closure to a highly public and scandalous case accusing the men of backdating stock options.
Read the [...]

Broadcom Co-Founder Cleared In Backdating Probe

From Law360, New York (December 10, 2009) — A little more than a year after rejecting as too lenient the plea deal of Broadcom Corp. co-founder Henry Samueli — who admitted to lying to regulators during their probe of stock options backdating at the company — a federal judge has dismissed his guilty plea, freeing [...]

A Reyes of Sunshine: Brocade CEO’s Backdating Conviction Overturned

To quote the legendary chanteuse, Alanis Morrisette: “Isn’t it ironic?” We’d gone many many months without giving a whit of thought to stock-options backdating, and lo and behold, today we get a veritable flood of news.
The big news first. Greg Reyes (pictured), the former CEO of Brocade who was convicted in 2007 on charges related [...]

Vindication for the Backdating’s Poster Boy?

By Jim Goldman of CNBC

A federal appeals court reversed the entire thing!  Not because of some legal technicality but because of prosecutorial misconduct.  In the 21-page ruling, the 9th US Circuit Court of Appeals excoriated the Feds, setting aside all 10 counts of illegal backdating.
No more 21 month prison sentence to worry about, and I [...]