Broadcom and backdating

23-Nov-2020 23:19

Samueli is to maintain his home in Orange County, California, but has no other travel restrictions imposed by the agreement.

“Both parties have agreed this is a fair resolution of this issue and we believe it is inappropriate to comment until the judge rules,” Samueli’s attorney, Gordon Greenberg, said in a statement.

The backdating forced the company eventually to restate its financial results and report more than billion in extra compensation expenses, the SEC said.A federal appeals court in August ordered a new trial for former Brocade Communications Corp CEO Gregory Reyes over prosecutors’ false statements to a jury and their failure to hand over evidence to Reyes’ attorneys.