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Government

May 26, 2007

Defense Uses Hearing to Highlight SEC Deal With Witness

The lawyer for former Brocade CEO Gregory Reyes argues to dismiss the criminal case against his client because the accounting rules cited in the indictment are “fundamentally unclear.” Meanwhile, defense attorney Richard Marmaro wants to know more about a tentative SEC settlement with a key government witness against his client.

By Craig Anderson
Daily Journal Staff Writer

      SAN FRANCISCO - A key government witness against former Brocade Communications Systems Inc. CEO Gregory Reyes has reached a tentative settlement with the Securities and Exchange Commission.
      The agreement reached between SEC staff and former Brocade Chief Financial Officer Michael Byrd, which has not been approved by the commission itself, was ...

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