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Business Briefing / Technology

Microsemi CEO under SEC probe

February 03, 2009|Times Wire Reports

Microsemi Corp. faces a government review into whether Chief Executive James Peterson misled investors when he denied making up degrees from Brigham Young University, a person familiar with the matter said.

The Securities and Exchange Commission is examining a Dec. 3 statement by Microsemi in which Peterson denied misrepresenting his degrees, said the person, who declined to be identified because the inquiry isn't public. Microsemi said Thursday that Peterson didn't earn a bachelor's degree or an MBA.

The Irvine maker of chips for the aerospace and military industries, said last week that Peterson would remain CEO.

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