Feds Demand 6 Years For Former KB Home CEO

Law360, New York (November 5, 2010, 2:00 PM EDT) -- Prosecutors have shot back at former KB Home Inc. CEO Bruce Karatz’s claim that his conviction on four of 20 stock options backdating counts warrants just a year’s confinement to his Los Angeles mansion, saying six years in federal prison would be more appropriate.

In a reply motion filed Thursday in the U.S. District Court for the Central District of California, prosecutors also asked for a fine of $7.5 million to be tacked onto $6 million in restitution Karatz has already paid KB Home.

The motion...
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