The Broadcom case involved charges against three former executives. The company grew to 7,000 employees worldwide and is a leading manufacturer for the chips used in everything from cable boxes to cell phones worldwide. E&Y denies that it is liable to the class and.
This is a scenario we have seen repeatedly since the fall of Enron — the government does not want to be accused of being asleep at the switch (Enron) or of failing to notice and act upon obvious clues of misconduct (Madoff). Typically, a judge will not grant immunity unless the government raises no objection. He wanted them to testify that they were not aware of any problems in the options grants broadcom and backdating.