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Corporate

Mar. 10, 2010

Expert Testifies Against Reyes

A financial expert for prosecutors hoping to convict former Brocade chief executive Gregory L. Reyes for a second time on charges related to stock options backdating testified Monday that the company's financials were off by hundreds of millions of dollars.

By Rebecca Beyer

Daily Journal Staff Writer

SAN FRANCISCO - An expert for prosecutors hoping to convict former Brocade chief executive Gregory L. Reyes for a second time on charges related to stock options backdating testified Monday that the company's financials were off by hundreds of millions of dollars because of option grants made while Reyes was at the company.

Prosecutors called the expert, Deloitte partner Gerald Fu...

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