Broadcom Co-Founder Off Hook In Shareholder Suit

Law360, New York (February 10, 2009, 12:00 AM EST) -- Broadcom Corp. co-founder Henry T. Nicholas III has won a bid to dismiss claims brought against him in a shareholder class action that accuses the company and several officers and directors of engaging in a scheme to backdate stock options that led to a decline in the company’s stock price.

Judge Manuel L. Real of the U.S. District Court for the Central District of California let Nicholas off the hook last week after concluding that the New Mexico State Investment Council, the lead plaintiff in the...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Sonam Bakshi v. Henry Samueli et al


Case Number

2:06-cv-05036

Court

California Central

Nature of Suit

Securities/Commodities

Judge

Manuel L. Real

Date Filed

August 11, 2006

Law Firms

Companies

Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.