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Investments

May 11, 2007

Ex-Brocade CEO Will Ask Judge to Toss Case

Lawyers for former Brocade Communications Systems CEO Gregory Reyes will ask a federal judge on Friday to dismiss most of the civil case against him, arguing that investors did not care about the alleged backdating of employee stock-options grants. Attorneys involved in other backdating cases are watching the outcome closely.

By Craig Anderson
Daily Journal Staff Writer

      SAN JOSE - Lawyers for former Brocade Communications Systems Inc. chief Gregory Reyes will ask a federal judge on Friday to throw out most of the civil case against him on the argument that investors did not care about the alleged backdating of employee option grants.
      Attorneys involved in other backdating cases, on the government as well as d...

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