Ex-Broadcom Execs Lose Bid To Toss Fraud Charges

Law360, New York (December 16, 2008, 12:00 AM EST) -- A federal judge has denied a bid by Broadcom Corp.'s co-founder and the company's former chief financial officer to throw out a multicount indictment that accuses the two executives of engaging in a massive stock options backdating scheme that forced the semiconductor maker to write down $2.2 billion in profits.

Judge Cormac J. Carney of the U.S. District Court for the Central District of California issued an order Monday rejecting the bulk of pretrial motions by former CEO Henry Nicholas and ex-CFO William Ruehle that challenged...
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