February 17, 2007

More California companies may face charges in stock options backdating scandal

“Prosecutors are strongly considering filing criminal charges related to backdating of stock options against ex-executives at several California companies, according to reports Friday. The Wall Street Journal quoted unnamed sources who said that charges ‘are being strongly considered’ against an ex-executive of Irvine-based Broadcom Corp. Also under investigation and facing possible charges are former executives at Cupertino-based Apple Inc. and semiconductor-equipment maker San Jose-based KLA-Tencor Corp., the Journal reported. The newspaper reported earlier that prosecutors are nearing charges against a former official of computer-security company Santa Clara-based McAfee Inc. “

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