An internal investigation into stock-option backdating at Broadcom held three executives responsible and gave a pass to general counsel David Dull and co-founder Henry Samueli. But the SEC didn't see it that way. On Wednesday, the SEC charged Dull and Samueli, along with former CEO Henry Nicholas and former CFO William Ruehle, for an alleged scheme that led to a $2.2 billion restatement last year. The clash between the investigations stands out in the crowd of backdating cases where the two normally match.
SEC Charges Broadcom GC, Other Executives
May 15, 2008