(Breaking) Judge dismisses charges against Broadcom’s ex-CEO

The judge’s rulings Thursday are an almost complete reversal of fortune for Nicholas, who just months ago faced parallel criminal indictments for narcotics and illegal stock-option backdating at Broadcom, a sweeping Securities and Exchange Commission civil suit, and the potential loss of his luxury jet and multimillion-dollar properties

…SANTA ANA, Calif.
A federal judge has dismissed felony narcotics charges and two civil cases against Broadcom Corp. co-founder Henry T. Nicholas III.
The judge’s decision Thursday wipes the slate clean for the former CEO who once faced the possibility of decades in prison.
Earlier this month, prosecutors asked U.S. District Judge Cormac J. Carney in Orange County, Calif., to dismiss the narcotics charges. The request came after Carney threw out a parallel securities fraud case against Nicholas and the chipmaker’s former chief financial officer, William Ruehle, and reprimanded prosecutors for alleged misconduct.

In the two civil cases, prosecutors sought to seize Nicholas’ Gulfstream jet and properties in Las Vegas and Newport Beach. They alleged Nicholas used the properties and the airplane to store and distribute drugs.
THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP’s earlier story is below.
SANTA ANA, Calif. (AP) — Federal prosecutors who endured a public dressing-down…

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(Breaking) Judge dismisses charges against Broadcom’s ex-CEO

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