U.S. Court of Appeals for the 9th Circuit
Oct. 15, 2011
Reyes' backdating conviction stands
In a closing chapter of the long-running Brocade stock options backdating saga, a 9th Circuit panel on Thursday affirmed former CEO Gregory L. Reyes' conviction, 18-month prison term and $15 million fine.
Daily Journal Staff Writer
I n a closing chapter of the long-running Brocade stock options backdating saga, a 9th U.S. Circuit Court of Appeals panel on Thursday affirmed former CEO Gregory L. Reyes' conviction, 18-month prison term and $15 million fine.
The panel rejected arguments by Reyes' high-powered lawyer, former U.S. Solicitor General Seth P. Waxman, that prosecutorial misconduct marred the case. U.S. v. Reyes...
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