Guilty Plea Expected In Broadcom Options

Guilty Plea Expected In Broadcom Options

A former Broadcom Corp. executive has agreed to plead guilty to obstruction of justice in connection with a federal probe into the manipulation of stock option grants at the Irvine chip maker, people close to the investigation said Monday.

As part of the deal, former Broadcom human-relations chief Nancy Tullos has agreed to cooperate with investigators examining allegations that top Broadcom executives backdated stock options to secretly benefit employees, according to three people with knowledge of the probe.

Tullos' attorneys declined to comment. Tullos, 56, who has homes in Malibu and Dana Point, has declined requests to be interviewed.

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