Federal prosecutors cited Broadcom Corp. cofounders Henry Nicholas and Henry Samueli as “unindicted potential co-conspirators” in a plea deal over the backdating of stock options at the Irvine chipmaker.
According to an Associated Press report, the naming of Nicholas and Samueli came in a deal with former Broadcom human resources executive Nancy Tullos, who pleaded guilty to one count of obstruction of justice in the stock options probe.
Tullos struck a deal with prosecutors late last year and agreed to the plea in exchange for her cooperation in the case.
U.S. District Judge Cormac J. Carney ordered the releasing of the executives’ names, who originally were identified as “Executive A” and “Executive B” in the plea agreement.
Unindicted co-conspirators typically are alleged to have agreed with others to violate a law and may or may not be charged in a case.
Last year, Broadcom took charges of more than $2 billion to past earnings as a result of options backdating, more than any of the some 200 companies who were investigated for options manipulation.
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