Former Broadcom Execs Plead Not Guilty To Fraud

Law360, New York (June 17, 2008, 12:00 AM EDT) -- Former Broadcom Corp. CEO Henry Nicholas III has reportedly pled not guilty to charges that he engaged in a massive stock options backdating scheme at the California technology company and dealt drugs on the side.

Nicholas, who is free on $3.3 million bail, pled not guilty to 21 charges Monday during a hearing in the U.S. District Court for the Central District of California, according to the Associated Press.

William Ruehle, Broadcom's former chief financial officer, also pled not guilty to securities charges. A trial was...
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