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William J. Ruehle is a former CFO of Broadcom Corp.
There were allegations of improper practices of stock option granting
Broadcom retained law firm Irell & Manella (I & M) to conduct an internal investigation
The facts, unless otherwise noted, are taken from the opinion of Judge Cormac J. Carney in USA v. Henry T. Nicholas III , (C.D. Cal., Case: SACR 08-139-CJC, April 1, 2009) and the underlying court filings.
During a break in questioning, the P-R attorney called his secretary to pull the engagement letter to be clear who he represented. He then clarified on the record that he was engaged by SFC.
At that moment, it should have been clear to all attorneys involved that Pendergest-Holt had walked into one of the trickiest situations possible for a high level official of a company under investigation: testifying before the SEC with only a company lawyer .