Broadcom Class Action Lawsuit Settlement

A settlement has been reached in a class action lawsuit against Broadcom Corp. If you purchased or acquired Class A common stock from Broadcom between July 21, 2005 and July 13, 2006, you may be entitled to payment from the proposed class action lawsuit settlement.

The class action lawsuit alleges Broadcom and some of its senior officers and directors misled investors by orchestrating a fraudulent scheme to inflate Broadcom’s stock price by backdating and failing to properly account for stock option grants between April 1998 and May 2003. The claims were also filed against defendant Ernst & Young LLP, who is still in litigation and is not part of this class action settlement.

If the settlement is approved by the court, Broadcom will create a $160,500,000 settlement fund to benefit all eligible investors who purchased or acquired stock during the class period. You must submit a valid claim form online or postmarked by August 13, 2010 in order to receive payment. The average payment is estimated to be approximately $0.45 per share before the deduction of attorneys’ fees and litigation expenses, which will be approximately $0.09 per share if they’re approved by the court. Your share of the class action lawsuit settlement will depend on several things, including how many shares of Broadcom stock you bought; how much you paid for the shares; when you bought them; whether or when you sold them; and the amount of Recognized Losses of other class members. Check out the Plan of Allocation beginning on page 10 of the class action settlement notice to better determine your estimated recovery.

All claim forms must be submitted with a list of all your stock transactions. If you do not have your transaction history for Broadcom Class A common stock, contact your bank, broker or financial institution for records documenting your investments in this stock. Acceptable forms of supporting documents include monthly or quarterly account statements that detail all activity within a specific period; and/or broker confirmation slips that list the security name, the name and address of the purchaser or seller, type of transaction, the date of transaction, the number of shares or other securities, the price per share or security and the total amount of the transaction.

For more information on the Broadcom Class Action Lawsuit Settlement, including downloadable claim forms, visit www.broadcomclassactionsettlement.com.