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Law Practice

Jun. 4, 2008

Brocade to Pay $160 Million in Options Case

In the largest-ever class-action settlement of a backdating case, Brocade Communications Systems announced Monday it had reached an agreement to resolve the litigation against the company and all individual defendants for $160 million.

By Craig Anderson
Daily Journal Staff Writer
This article appears on Page 1

      SAN JOSE - In the largest-ever class-action settlement of a backdating case, Brocade Communications Systems announced Monday it had reached an agreement to resolve the litigation against the company and all individual defendants for $160 million.
      Brocade announced in a public filing the tentative s...

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