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Securities

Mar. 26, 2010

Former KB Home Executives Testify Against Former CEO

The trial of KB Home's former chief executive for allegedly padding his income with backdated stock options moved into witness testimony Wednesday from a company lawyer who called his alleged behavior unethical.

By Gabe Friedman

Daily Journal Staff Writer

LOS ANGELES - The criminal trial of KB Home's former chief executive Bruce Karatz for allegedly backdating stock option grants to pad his compensation moved into witness testimony Wednesday from a lawyer at the company who called the defendant's alleged behavior unethical.

Karatz faces federal criminal charges that he used hindsight to pick favorable dates and market prices fo...

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