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Browse: Home / 2008 / October / 16 / Broadcom Co-Founder Samueli and US Attorney’s Office Decline to Withdraw Rejected Plea

Broadcom Co-Founder Samueli and US Attorney’s Office Decline to Withdraw Rejected Plea

By Securities Docket on October 16, 2008, 6:23 am

Last month, U.S. District Judge Cormac Carney (C.D. Cal.) rejected a proposed plea agreement for Broadcom Corp. co-founder Henry Samueli that called for a sentence of five years probation and a $12.25 million fine (previously discussed here).  The court ruled that the agreement was too lenient, saying it would “erode the public’s trust in the fundamental fairness of our justice system” and would give the perception that “justice is for sale.”

Yesterday, both Samueli and federal prosecutors in the criminal backdating case declined to withdraw the plea agreement, according to the NLJ, as Samueli has appealed the judge’s decision to the 9th U.S. Circuit Court of Appeals.  Thom Mrozek, a spokesman for the U.S. Attorney’s Office for the Central District of California, said that prosecutors still intend to seek the plea agreement’s original sentence of probation when Samueli gets sentenced next year, NLJ reports.

Read the NLJ article

Posted in Criminal | Tagged Sentencing

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