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Broadcom exec to plead guilty to lying to SEC (AP)

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plans to plead guilty to lying to the Securities and Exchange Commission as it probed stock option backdating at the chip maker, according to a court document filed Monday.

Samueli, owner of the NHL's Anaheim Ducks, was expected to appear later Monday in U.S. District Court to plead guilty to one count of making a materially false statement. Samueli's co-founder, former CEO Henry T. Nicholas, was indicted this month on conspiracy, securities fraud and drug charges.

Full Story: Broadcom exec to plead guilty to lying to SEC (AP)

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This page contains a single entry by Viraj published on June 24, 2008 2:47 AM.

Some signs of relief on gasoline prices (The Christian Science Monitor) was the previous entry in this blog.

Imus faces new questions over on-air race remarks (AP) is the next entry in this blog.

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