Securities
Feb. 4, 2009
Judge Reinstates Options Suit Against Broadcom
A federal judge in Los Angeles on Monday reversed his earlier decision and allowed a securities fraud class action to proceed against Broadcom Corp. and its billionaire co-founders, setting up a massive stock options showdown.
Daily Journal Staff Writer LOS ANGELES - A federal judge in Los Angeles on Monday reversed his earlier decision and allowed a securities fraud class action to proceed against Broadcom Corp. and its billionaire co-founders, setting up a massive stock options showdown. Last October, U.S. District Judge Manuel L. Real had dismissed the same case. Real initially ruled the plaintiffs had not sufficiently alleged Broadcom's stoc...
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