Samueli's deal was probation, payments; judge says justice not 'for sale'
SANTA ANA, Calif. -- A federal judge Monday rejected a plea deal that had called for Broadcom Corp. co-founder and Anaheim Ducks owner Henry Samueli to get probation rather than prison for his role in a stock options backdating case that led to the largest corporate writedown of its kind.
U.S. District Court Judge Cormac Carney wrote that the deal calling for five years' probation and $12 million in payments by Samueli would erode the public's trust in the judicial system.
"The court ...
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