Brocade communications systems backdating mandating health initiatives

In his second trial, Reyes’ attorneys made what legal experts said was a potentially risky decision: They opted not to call any witnesses in his defense, arguing instead that the government had failed to prove its case.Attorneys on both sides declined to discuss the verdict Friday, although defense lawyer Stephen Neal said he will likely file another appeal.Reyes was the most prominent local executive to face criminal charges after the government launched an investigation into the handling of stock options at dozens of valley companies.His first conviction, after a highly publicized trial in 2007, was set aside by an appellate court.Citing evidence that Brocade board members and financial officers were also aware of the backdating, or even took part in it, Neal argued that Reyes relied on the finance officials to ensure that Brocade was complying with complex and confusing accounting rules.

But even though prosecutors argued during Reyes’ trial that he had conspired with Jensen, the jury appeared to struggle with understanding Jensen’s role.Outside the courtroom, Reyes appeared shaken and declined to comment.It was the second trial for Reyes, once a rising star in Silicon Valley’s tech industry, in a case that called into question some widespread methods of rewarding employees and executives at local companies.But many in Silicon Valley wondered why he was singled out for what appeared to be a common practice in the early part of last decade, when Silicon Valley was experiencing tremendous growth and successful tech companies competed to attract talented employees by handing out stock options that made many people rich.Authorities said Reyes and others profited from receiving backdated options, which allowed them to buy Brocade stock at lower prices than outside investors paid.

Search for brocade communications systems backdating:

brocade communications systems backdating-33brocade communications systems backdating-15brocade communications systems backdating-61

For the second time, a federal jury has found former Brocade Communications CEO Gregory Reyes guilty of securities fraud and related charges in a closely watched case that grew out of a wide-ranging investigation into the backdating of stock options in Silicon Valley.

Leave a Reply

Your email address will not be published. Required fields are marked *

One thought on “brocade communications systems backdating”

  1. In his responding email, the buyer explained: "I'm a collector of broken laser pointers." The frequently repeated story that e Bay was founded to help Omidyar's fiancée trade Pez candy dispensers was fabricated by a public relations manager, Mary Lou Song, in 1997 to interest the media, which were not interested in the company's previous explanation about wanting to create a "perfect market".…

  2. This live Wellington web cam updates every few seconds Porirua live city webcam A pair of cameras showing excellent views from this city located just north of Wellington on the southern tip of North Island.

  3. There are now more than 7,600 Woolfers across the country, from New York City, Boston, San Francisco and Los Angeles, as you might expect, but also from Arkansas, Chicago and Maine. Collins, who spent a few weeks last month on a cross-country road trip with a new boyfriend meeting Woolfers in Memphis and Telluride, Colo., among other spots, has a new book, out in April, called “What Would Virginia Woolf Do?