Broadcom jurors dubious

Former CFO William Ruehle was probably headed towards an acquittal even if a federal judge hadn't dismissed charges connected with backdating stock options. Backdating occurs when a company changes the grant date, usually to a day when the stock was at a low price, so that the recipient can receive a greater return. "Do I believe backdating happened? Definitely. Do I think it was a crime? I'm not sure,'' juror Henry Weiland tells the OC Register. He wasn't alone - a number of jurors interviewed expressed doubts about the government's case. That's been the challenge in any number of backdating cases: Proving to a jury that a crime has been committed.

Mike Eubank, a La Habra resident who works for UPS, said he felt the government's case was weak once he learned prosecutors were trying to influence witnesses, including Broadcom co-founder Henry Samueli. "Samueli had testified that he felt strong-armed by the government ... I felt that's what the government was trying to do, strong-arm people to get a conviction,'' he said. "I really thought there was going to be a mistrial declared."

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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