Los Angeles News

E-mail

Close Window E-mail This Page

Judge Rejects Plea Deal For Anaheim Ducks Owner

Required fields are marked with an asterisk(*)

Recipient E-mail:*
- Your Name:*
- Your E-mail:*
Add a Message:
Send me a copy of this e-mail.

Type the characters in this picture:*

Click here to refresh with new letters

The information you provide will be used only to send the requested e-mail and will not be used to send any other e-mail communications. Read more in our Privacy Policy

Send E-mail

Print Share + Comments

Sep 8, 2008 10:54 am US/Pacific

Judge Rejects Plea Deal For Anaheim Ducks Owner

SANTA ANA (AP) ―

Click to enlarge 1 of 1: Anaheim Ducks team owner Henry Samueli attends the NHL and Esquire season launch party at Esquire North October 2, 2007, in New York City.
Amy Sussman/Getty Images

Close

numSlides of totalImages

A federal judge has tentatively rejected a plea deal involving Broadcom Corp. co-founder Henry Samueli in connection with a federal probe tied to the largest corporate writedown for stock options backdating.

U.S. District Court Judge Cormac J. Carney in Santa Ana said in an order issued Monday that the deal calling for five years probation, a $12 million payment and a $250,000 fine would erode the public's trust in the judicial system.

The judge issued his tentative decision before a hearing that will lead to a final ruling.

Samueli pleaded guilty under the plea agreement to lying to investigators for the Securities and Exchange Commission.

Broadcom, an Irvine, Calif.-based telecommunications chip maker, agreed to pay $12 million in April to settle charges of illegal backdating with the SEC without admitting or denying the allegations.