DOJ Question Employees In Broadcom Probe

Law360, New York (May 2, 2007, 12:00 AM EDT) -- The U.S. Department of Justice has begun interviewing current and former employees of Broadcom Corp. regarding the options backdating scheme at the company, the computer chip maker revealed Tuesday in a U.S. Securities and Exchange filing.

Irvine, Calif.-based Broadcom has also produced documents pursuant to grand jury subpoenas as part of an investigation by the U.S. Attorney’s Office into the company’s backdating history, which caused financial restatements of more than $2.2 billion between 1998 and 2005—the largest reported restatement by a company tied up in options...
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