Feds Drop Drug Case Against Broadcom Co-Founder

January 7, 2010 12:00:00 AM PST
Federal prosecutors say they will drop a narcotics case against Broadcom co-founder Henry T. Nicholas III.The announcement Thursday comes less than a month after a federal judge dimissed a parallel stock options backdating case against Nicholas.

At that time, U.S. District Court Judge Cormac J. Carney also ordered prosecutors to prove why the drug case against Nicholas should not be thrown out.

A hearing had been set for Feb. 2.

Carney must still approve the government's motion to dismiss the drug case.

A spokesman for Nicholas did not immediately return an e-mail requesting comment.

Nicholas was indicted in 2008 on drug and backdating counts, including allegations that he slipped ecstasy into the drinks of business associates and maintained a drug warehouse.