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Ducks Owner in Hot Water
by Alanah McGinley on 05/14/08 at 03:06 PM ET
Comments (5)
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.”
Filed in: NHL Teams, Anaheim Ducks | KK Hockey | Permalink
Tags: Henry+Samueli,
Comments
Heck, I’m just taking bets on how long it takes the Toronto media to turn this into another chapter in the ‘Burke to the Leafs’ story. You have to figure they’ll come up with some kind of angle.
Perhaps something charmingly-wacko like, “Sources say Burke was paid with fraudulent stock and this may nullify his contract for next season.”
They’re a creative bunch in TO. I look forward to their best effort. 
Posted by Alanah McGinley from British Columbia on 05/14/08 at 03:19 PM ET
Or how about “Brian Burke needs to leave the country, so he is moving to Canada!”
Posted by Baroque from Michigan on 05/14/08 at 03:27 PM ET
Burke Buys Ducks, Moving Team To Hamilton!
Posted by Paul from Motown Area on 05/14/08 at 03:29 PM ET
The owners could move the team to Hamilton to shelter their assets from taxes.
Posted by Baroque from Michigan on 05/14/08 at 03:56 PM ET
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I wonder if Todd Bertuzzi has a good lawyer to spare…
Posted by Earl Sleek from Los Angeles, CA on 05/14/08 at 03:11 PM ET