Business News
5/15/2008 7:53:02 AM EST
SEC Charges Broadcom Co-Founders In Options Probe
LOS ANGELES – (AP) Securities regulators on Wednesday charged Broadcom Corp. co-founders Henry T. Nicholas III and Henry Samueli with falsifying the company's reported income, leading to what is believed to be the largest accounting restatement yet because of backdating stock options.
A civil complaint filed by the Securities and Exchange Commission also charges former chief financial officer … Full version (available to lexis.com subscribers)
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