Wednesday, December 2, 2009

Reyes is so-o not off the hook; Brocade and stock option backdating

Recall the backdating drama of Brocade Communications and its former CEO Gregory Reyes? It was hot stuff for awhile, and spawned umpteen cases, including criminal allegations against Reyes. Reyes' guilty verdict was reversed over the summer due to prosecutorial misconduct, but AmLawLitigation Daily is reporting the rumour that the case is about to be retried. Recall: Reyes' 21 month sentence was stayed as a result of the summer reversal.

You can read more here.

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