Broadcom Co-Founder Cleared In Backdating Probe

By Nick Malinowski

Law360, New York (December 10, 2009, 6:10 PM ET) -- 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.

Federal Judge Cormac Carney handed down the ruling in the U.S. District Court for the Central...
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