To be eligible for a payment from the EY Settlement, you must either (1) have already submitted a claim in connection with the prior Broadcom Settlement; or (2) if you did not already submit a claim in connection with the Broadcom Settlement, you must submit a validly completed Proof of Claim with supporting documents by December 26, 2012.A settlement hearing was held on December 3, 2012, at a.m.In connection with the Restatement, Broadcom admitted that every financial statement it ever issued as a public company was materially false and misleading, and acknowledged that there is "substantial evidence" demonstrating that certain of its former officers engaged in backdating.The Court Sustains the Majority of New Mexico's Allegations In November 2008, Defendants moved to dismiss the Amended Complaint, challenging, inter alia, the sufficiency of New Mexico's loss causation allegations and scienter allegations. Real heard oral argument regarding Defendants' motions.
Law360, New York (September 1, 2009, PM EDT) -- Broadcom Corp. District Court for the Central District of California — would resolve the consolidated federal derivative suit for almost all of the individual defendants while preserving Broadcom's claims against three former executives facing criminal charges.
And yesterday brought the second biggest backdating settlement of all time.
The Risk Metrics Group's Securities Litigation Watch has compiled a database of all the class action backdating lawsuits and their ultimate outcomes.
before Judge Real in Courtroom 8 of the Spring Street Courthouse, the United States District Court for the Central District of California (Western Division), 312 N. The deadline for objecting to the EY Settlement or for seeking exclusion from the Class has passed.
Copies of the relevant settlement documents can be accessed by clicking on the links to the right.