Brocade

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Ex-Brocade CEO Gets 21 Months for Backdating

Gregory Reyes was the first exec convicted of the stock options offense

(Newser) - The first executive ever convicted of backdating stock options was sentenced today to 21 month in prison and ordered to pay a $15 million fine, the Wall Street Journal reports. Former Brocade CEO Gregory Reyes was found guilty in August of 10 fraud and conspiracy charges. He said today he...

Brocade CEO Guilty of Fraud in Backdated Options

First conviction in backdating crackdown

(Newser) - The former head of a data-storage company today became the first chief executive convicted in the crackdown on backdated executive stock options. Gregory Reyes, CEO of Brocade communications, was found guilty in federal court in San Francisco of 10 counts of conspiracy and fraud.

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