Charges Against William Ruehle Dismissed in Backdating Case

Richard Marmaro

Skadden represented firm client William J. Ruehle, former chief financial officer of Broadcom, Inc., in the successful defense of criminal securities fraud and conspiracy charges, stemming from the stock options granting practices at Broadcom from 1998-2005. On December 15, 2009, after an eight-week trial, District Judge Cormac J. Carney of the U.S. District Court for the Central District of California granted a judgment of acquittal based on lack of proof of criminal intent, and dismissed the indictment based on prosecutorial misconduct. In what can only be described as a remarkable result, Judge Carney also dismissed the indictment against Mr. Ruehle's co-defendant (whose trial had been severed from Mr. Ruehle's and was set for February 2010), as well as the SEC complaint against Mr. Ruehle and his three co-defendants in that action. Based on the evidence adduced during the Ruehle trial, the Judge also dismissed the criminal cases against three other defendants who were not even involved in the trial. Partner Richard Marmaro stated that "Justice was served."

The AmLaw Litigation Daily named Marmaro "Litigator of the Week" for his work representing Ruehle.