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Criminal

Mar. 19, 2010

Feds Allege Cover-Up In KB Home Trial

The criminal trial of KB Home's former top executive for stock options backdating picked up tempo Wednesday, as a government witness testified about corporate espionage and an elaborate cover-up effort by the defendant.

By Gabe Friedman

Daily Journal Staff Writer

LOS ANGELES - The criminal backdating trial of KB Home's former top executive picked up tempo Wednesday, as a government witness testified about corporate espionage and an elaborate cover-up effort by the defendant.

The defendant, Bruce Karatz, former CEO and chairman of KB Home, faces federal charges that he secretly backdated his stock option grants to increase their value and ...

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