Broadcom backdating options plea
More messages were exchanged over the next day that continued to debate portions of the hiring process.Tullos then left for vacation and came back on June 4 to learn that the engineer had in fact been hired, the government claims.According to the Attorney's Office, Tullos helped Broadcom executives recruit an engineer to the networking device company in 1999.She discussed the potential hire with executives and asked on May 25, 1999 if Broadcom planned to make an offer.I hope this is just a simple clerical error since that has been a major key deciding factor” in taking the job.
However, higher-up finance department employees had told the FBI that they did know about the backdating, but those witnesses did not testify because they were subject to possible criminal prosecution and had been targets of SEC civil suits.This is what Judge Carney said of Stolper’s conduct regarding Ms.Tullos: The judge had this to say regarding the intimidation of Mr.Prosecutions against executives accused of fraud in connection with backdating stock options have been plagued by prosecutorial misconduct.
In August, the Ninth Circuit reversed the conviction of Gregory Reyes, former CEO of Brocade Communication Systems, due to prosecutorial misconduct.
In addition, Judge Carney dismissed the SEC case without prejudice and discouraged the SEC from proceeding with that case any further.