Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Broadcom Corp.
Current Parent Company: Broadcom
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $160,500,000
Year: 2009
Date: December 29, 2009
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: In a case brought by the New Mexico AG on behalf of the state investment council and other investors, Broadcom agreed to pay $160.5 million to settle allegations relating to the backdating of stock options.
Level of Government: state
Action Type: agency action
Agency: New Mexico Attorney General
Civil or Criminal Case: civil
Facility State: New Mexico
HQ Country of Current Parent: USA
HQ State of Current Parent: California
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: electrical and electronic equipment
Specific Industry of Current Parent: electronic equipment
Source of Data: AG Settles Securities Fraud Lawsuit; State Investment Council to Receive $160.5 Million, Targeted News Service, December 29, 2009 (via Nexis).
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.