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Criminal

Jul. 10, 2007

Judge Pokes at Weakness in Backdating Case

The prosecution's case against former Brocade Communications Systems CEO Gregory Reyes in the first criminal stock options backdating trial is in jeopardy. A skeptical federal judge Friday ordered prosectutors to file papers outlining the evidence they want him to rely on when considering a defense motion to dismiss all 10 felony counts against Reyes.

By Craig Anderson
Daily Journal Staff Writer

      SAN FRANCISCO - The first backdating criminal case filed nationwide is in jeopardy, as a skeptical federal judge considers today whether former Brocade Communications Systems Inc. CEO Gregory Reyes understood enough about accounting to commit a crime.
      U.S. District Judge Charles Breyer spent about an hour Friday grilling lead prosecutor ...

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