Government
May 14, 2007
Judge Denies Defense Summary-Judgment Motion in Brocade Civil Case
Web Exclusive - A skeptical U.S. District Judge Charles Breyer denied a summary-judgment motion brought by the lawyers for former Brocade Communications CEO Gregory Reyes. Legal observers had not expected the motion to succeed, but they've said what's at its core -- whether the backdating is material -- will be a major issue at the upcoming criminal and civil trials.
By Craig Anderson
Daily Journal Staff Writer
SAN FRANCISCO - A federal judge denied a pretrial motion Friday that argued the bulk of government civil charges against former Brocade Communications Systems Inc. chief Gregory Reyes should be dismissed because investors did not care about backdated stock-options expenses.
Legal observers had expected U.S. District Judge Charl...
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