Broadcom's Henry Nicholas is Having a Very Good Day (Finally)
For several years, Broadcom co-founder Henry Nicholas has been fighting charges that he conspired to commit accounting and securities fraud by backdating $2.2 billion in employee stock options, and that he distributed illegal drugs while with the company. Nicholas’ co-founder, Henry Samueli, also was dragged through the mud during the federal investigation into Broadcom’s backdating scandal, eventually pleading guilty to one count of lying to federal investigators. Yet today, in a dramatic reversal, their ongoing saga appears to have ended. U.S. District Judge Cormac Carney, who has presided over the hearings of co-founders, today dismissed the narcotics case against Nicholas. Carney's decision comes six weeks after he threw out the securities fraud case against Nicholas and Samueli, who has since been reinstated as Broadcom's chief technology officer.
