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September 29, 2009
Daily Journal, "Broadcom Shareholder Deal Receives Tentative Approval"
A federal judge on Monday preliminarily approved a $118 million partial settlement in the Broadcom shareholder derivative litigation. Lawyers for shareholders asked U.S. District Judge Manuel L. Real to impose a $50,000 fine against Skadden, Arps, Slate, Meagher & Flom for discovery violations, but the judge declined.

Skadden, which represents former chief financial officer William J. Ruehle, has spent months fighting a request for 140 documents that summarize interviews from the FBI's investigation into Broadcom's stock options program. In late August, a special master overseeing discovery ordered the firm to produce all the documents. "What part of the word 'all' don't these people understand?" Richard Heimann, of Lieff Cabraser Heimann & Bernstein in San Francisco asked Real rhetorically. "Is this type of behavior acceptable in federal court -- is it acceptable in this court?"

"You're about to find out," Real replied. Real ruled document production was not a threat to Ruehle's Fifth Amendment rights, but rejected Heimann's calls that Skadden pay $50,000 out of its own coffers. He scheduled a final hearing for approval of the partial derivative settlement for Dec. 14, 2009.
 
   
 

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November 21, 2009, Ohio Sues Rating Firms for Losses in Funds

November 20, 2009, Ohio Attorney General Richard Cordray sues rating agencies Standard & Poor's, Moody's and Fitch over state pension fund losses

November 20, 2009, Ohio Attorney General Sues National Credit Rating Agencies for False and Misleading Ratings

September 29, 2009, Broadcom Shareholder Deal Receives Tentative Approval

September 1, 2009, Broadcom Settles Stock Options Backdating Claims for $118 Million

August 31, 2009, Broadcom Agrees to Settle Backdating Case

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