Law360, New York (September 08, 2008, 12:00 AM ET) -- A federal judge on Monday tossed out a plea deal for Broadcom Corp. co-founder Henry Samueli — who has admitted lying to regulators during a probe of stock options backdating at the company — saying the deal was too lenient for a crime that "could warrant a significant prison sentence."
Ruling from the bench, U.S. District Judge Cormac Carney promised to issue a final order later Monday, but postponed the sentencing and scheduled a hearing for Sept. 29.
Samueli had hoped to avoid jail after pleading...
Judge Tosses Plea Deal For Broadcom Founder
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