Broadcom to pay $12 million to settle SEC fraud suit
Broadcom to pay $12 million to settle SEC fraud suit
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The complaint alleges that the Irvine chip maker's top officials -- namely Henry Nicholas and Henry Samueli -- backdated stock options. Broadcom Corp. on Tuesday agreed to pay $12 million to settle allegations that its top executives backdated stock options, but the Securities and Exchange Commission complaint did little to put the matter behind the billionaire co-founders of the Irvine chip maker. |
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News entry number 4261 added on Apr 23, 2008 in the Business News category.
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