Judge Says Government ‘Distorted the Truth-Finding Process’ in Broadcom Case
The stock-options backdating case against executives of Broadcom Corp. was recently dismissed by U.S. District Court Judge Cormac Carney because it was found that the government’s handling of the case “distorted the truth finding process” and made a mockery of the defendant’s due process.
Broadcom’s Chief Financial Officer William Ruehle was completely acquitted. Former CEO and [...]
Gregory Reyes’ Backdating Conviction is Reversed
The Ninth Circuit court dismissed Greg Reyes’ previous conviction regarding the practice of stock option backdating, which he was accused of doing while working for Brocade Communications Inc as a CEO.
The court stated that the prosecutors lied in their closing argument, and that they impeded the truth.
The court’s statement was backed up by judges Stephen [...]
Broadcom prosecutor admits leaks to media
A federal prosecutor in the Broadcom options-backdating case admitted to the court that he leaked information to reporters. The assistant U.S. attorney Andrew Stolper said that it was a “lapse of judgment”.
The assistant attorney might be called as a witness by Ruehle’s defense attorneys – he will be testifying about his conduct in the case.
He [...]
Broadcom jurors told of prosecutor’s misconduct
U.S. District Court Judge Cormac Carney recently informed the Jury of a prosecutor’s, Andrew Stopler, committed misconduct which resulted in the granting of full immunity to Broadcom Corp. former general counsel and accused co-conspirator: David Dull.
Such misconduct included Stopler making inappropriate remarks to Dull’s lawyers when he stated that Dull could face perjury charges if [...]
Prosecution in Reyes Case: We Lied. Whoops.
The U.S. Court of Appeals has overturned Greg Reyes’ conviction. Greg Reyes is a former CEO of a tech company called Brocade who was charged with involvement in backdating stock options.
It seems that the appeal was overturned partly due to a recanting of the sole witness for the government – a junior finance department official, [...]
The Real Backdating Scandal
The Broadcom backdating court-case has been dismissed due to the prosecutor’s conduct which was ruled by the judge as a “mockery of justice”, partly due to intimidating witnesses of the defense so they wouldn’t testify.
Also what caused the Broadcom court-case to be held – the Greg Reyes’ backdating court-case, where a conviction was achieved, was [...]
Are Too Many Defendants Pressured Into Pleading Guilty?
It seems that judge Cormac Carney has voided a previous guilty plea that was given as part of a 2008 plea bargain with Broadcom co-founder Henry Samueli.
The guilty plea was given regarding an accusation of lying to the SEC’s investigators and misstating the company’s earnings.
SEC alleged that Samueli improperly backdated stock options – a practice [...]
Another Loss for Uncle Sam: Judge Dismisses Broadcom Charges
Judge Cormac Carney has dismissed the state’s allegations against Broadcom’s co-founders, and it seems like a separate indictment is going to be thrown out as well.
This move comes after the judge discovered that the state tried to prevent key witnesses from testifying, and that state prosecutors leaked information and conducted badly when contacting attorneys.
The judge [...]
