The twin evils of cocaine and faulty unanimous written consents are laid bare in two indictments handed up Thursday against Broadcom co-founder Henry Nicholas. Also indicted on 21 counts of backdating-related crimes but not implicated in the drug-related indictment is former Broadcom CFO William Ruehle. Asked why the DOJ omitted former GC David Dull and co-founder Henry Samueli from its lineup of charged individuals, a U.S. Attorney's Office spokesperson said only: "It's an ongoing investigation."
June 06, 2008 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
A two-week slice in the life of Broadcom co-founder Henry Nicholas, according to federal prosecutors:
In an Orange County, Calif., hotel room on Jan. 17, 2001, Nicholas met with Mehrdad Nayebi. This executive had been fired, yet demanded that his stock options still vest. The previous November, Nayebi’s attorney had presented Broadcom senior management with a draft complaint that alleged a range of illegal behavior relating to the backdating of stock options.
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