Law360, New York (September 01, 2009) -- Broadcom Corp. is set to recover $118 million from a slew of insurers as part of a proposed partial settlement of a derivative suit over the semiconductor maker's alleged $2.2 billion stock options backdating scheme.
The proposed settlement — filed Friday in the U.S. District Court for the Central District of California — would resolve the consolidated federal derivative suit for almost all of the...
