From the LA Times,
The Securities and Exchange Commission today filed civil fraud complaint against Broadcom Corp. co-founders Henry T. Nicholas and Henry Samueli, owner of the NHL Ducks, in an alleged scheme to systematically backdate stock options.
The complaint, filed in U.S. District Court in Santa Ana, also names former Chief Financial Officer William J. Ruehle and General Counsel David Dull. None of the current and former officials at the Irvine-based chip maker could be reached for comment immediately.
The complaint comes on the heels of an SEC lawsuit filed against Broadcom on April 22 alleging that Nicholas, Samueli and other senior Broadcom executives “orchestrated and carried out” a long-running scheme to backdate stock options.
Update 5:15pm ET: A comment from Michael Schulman, CEO of the Anaheim Ducks:
“In terms of the Ducks, nothing is changed there, or in terms of our operation . . . this does not impact the Ducks.”
I wonder if Todd Bertuzzi has a good lawyer to spare…
Posted by Earl Sleek from Los Angeles, CA on 05/14 at 04:11 PM