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Brocade stock options backdating criminal trial: Reyes sentenced to 21 months in prison

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • January 16 2008

Today, former Brocade CEO Greg Reyes was sentenced to 21 months in prison and ordered to pay a $15 million fine in the first criminal trial to arise out of the stock options backdating scandal

Delaware speaks on timing of stock option grants and refuses to dismiss derivative complaint alleging “spring loading”

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • October 9 2007

Issued on the same day as Ryan v. Gifford, the Delaware Court of Chancery handed down its decision in In re Tyson Foods, Inc. Consolidated Shareholder Litigation, 919 A.2d 563 (Del. Ch. 2007

The Brocade trial: Reyes defense goes on the offensive -- "stock options costs are irrelevant to investment decisions"

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • July 13 2007

With Judge Breyer having postponed ruling on his motion to dismiss until at least July 19, ex-Brocade CEO Greg Reyes' defense has gone forward this week

The Brocade trial: the prosecution rests

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • July 5 2007

The prosecution in the first criminal trial arising out the widespread corporate practice of stock options backdating concluded its case on Monday, July 2, 2007