The Other Really Expensive Loafer Drops: Charges Against Henry T. Nicholas Dismissed

It was one of the most unusual dismissal of charges ever witnessed: Broadcom co-founder and Anaheim Ducks owner Henry T. Samueli was testifying in another executive's case in Santa Ana last week when U.S. District Judge Cormac J. Carney leaned over and said he was tossing out Samueli's guilty plea and dismissing the securities fraud charges against him, without prosecutors even getting a chance to cross-examine him.

This morning, Carney also threw out the charges against Broadcom's other co-founder, Henry T. Nicholas, and acquitted chief financial officer William Ruehle before the jury could even weigh in.

Read all about it in the Orange County Register.

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