Federal Investigations
Nicholas and other Broadcom excutives were indicted for stock fraud and options backdating, in June 2008. Nicholas was also indicted on drug charges, at the same time. The charges caused considerable scandal, and were the subject of much speculation in the press.
Judge Cormac J. Carney threw out the stock fraud and options backdating charges in December 2009. The drug charges were also dropped in January 2010. The Judge, in dismissing the charges, accused the prosecution of a “shameful” campaign of witness intimidation aimed at securing unjustified convictions.
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