Labaton Sucharow LLP is the court-appointed class counsel for Class Representative and the Class.Class Representative, on behalf of the Class, alleged that, among other things, certain of Broadcom's senior officers and directors participated in a fraudulent scheme to inflate Broadcom's stock price by intentionally backdating most of Broadcom's stock option grants between April 1998 and May 2003.
Copies of the relevant settlement documents can be accessed by clicking on the links to the right.
And though most people had put backdating in the backburners of their minds, it has been in the news in this very last part of the decade.
Last week, federal judge threw out a criminal backdating complaint -- and a guilty plea -- relating to backdating allegations against Broadcom executives.
In 2012, the Firm negotiated a million settlement with Broadcom's auditor, Ernst & Young.
Many institutions and millions of individual shareholders were represented in the class action and will be favorably impacted by its successful conclusion.