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 Samueli from a felony false statement charge that could have netted him a $12 million fine or up to five years in prison.
So if Broadcom’s Samueli got off, now we just need Brocade’s Reyes to be cleared. One down, one more to go… The government can’t get away with lying about these men, it’s just not what justice should stand for.