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SEC Drops Backdating Case Against Broadcom Execs

Law360, New York (February 05, 2010) -- With its chances of success seeming increasingly slim, the U.S. Securities and Exchange Commission has said it will not pursue a stock options backdating suit against four Broadcom Corp. executives.

In a notice filed Friday in the U.S. District Court for the Central District of California, the SEC said it would drop its claims against Henry T. Nicholas III, Henry...

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