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13 Dec 2008, 1:44 am
Breyer also dismissed a number of claims against other defendants like Reyes and former HR Chief Stephanie Jensen. [read post]
27 Nov 2007, 2:39 am
The key factual issue at trial will likely be whether Jensen was aware that Brocade’s stock option accounting practices were fraudulent.This summer, a jury found Jensen’s former boss, Greg Reyes, guilty of securities fraud for improperly accounting for backdated stock options. [read post]
1 Dec 2006, 6:16 pm
They were the first to bring a criminal case in the metastasizing stock options backdating scandal, and while Brocade never looked like a simple case — the feds spent 18 months investigating before they filed charges — it was a big one. [read post]
8 May 2008, 3:06 pm
As previously reported on this blog, Brocade Communications Systems, Inc. and its directors and officers have been the subjects of civil litigation for allegedly improper stock option practices. [read post]
13 Feb 2008, 12:30 am
"Heat and power are big concerns for companies like ours that must maintain constantly growing volumes of data, and data center space is very expensive. [read post]
18 May 2009, 5:17 am
On December 5, 2007 (as previously reported here), another jury in the same court convicted Brocade's former head of human resources, Stephanie Jensen, of falsifying corporate records and conspiracy, also in connection with Brocade’s backdating conduct. [read post]
1 May 2008, 3:03 pm
He said he thinks the reason that other plaintiffs firms haven’t gone after law firms like Wilson is because they don’t want to pay for it down the road when opposing the firm in securities cases. [read post]
11 Jul 2007, 1:07 am
The criminal prosecution of ex-Brocade CEO Greg Reyes over Brocade's improper accounting for backdated stock options continues today. [read post]
20 May 2013, 5:00 pm
Brocade won a huge court victory against A10 last year when a jury ruled that A10's AX line of "load balancers" infringed both Brocade copyrights and patents. [read post]
21 Jun 2007, 7:11 am
The first criminal trial arising out of the stock options backdating scandals, involving Brocade Communications Systems, Inc. [read post]
8 Jul 2007, 11:02 am
We have no idea what that must have looked like, but we’re really hoping Marmaro’s outfit looked a lot like this one. [read post]
18 Feb 2013, 4:17 am
First, the court addressed whether A10 was likely to succeed on appeal. [read post]
6 Apr 2010, 7:33 am
Gregory Reyes, the former chief executive officer of Brocade Communications Systems Inc. [read post]
8 Aug 2007, 9:59 am
Yesterday, Former Brocade CEO Steve Reyes was convicted of all criminal charges brought against him in the Brocade backdating scandal. [read post]
19 Dec 2008, 10:45 am
DLA lawyers offered support in areas like tax and executive compensation. [read post]
10 Oct 2007, 7:17 am
Well it looks like their trial lawyers cost a pretty penny too! [read post]
9 Feb 2007, 11:16 am
Up to this point, the DOJ and SEC have focused on individuals and the settlement of a case brought against a public company would create a benchmark and likely result in more settlements and actions. [read post]
2 Jul 2007, 6:00 pm
As with the earlier testimony of prosecution witness June Weaver, with Monday's witnesses, what seemed like damning evidence at first blush ended up drawing, at most, a grayish smudge between Reyes and backdated options. [read post]
19 Dec 2007, 5:34 pm
Reyes is likely to face between 15 and 21 months in jail. [read post]
10 Aug 2007, 7:50 am
"Shareholders, large and small, rely on the accuracy of the information provided to them by public companies like Brocade. [read post]
