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Corporate

Aug. 29, 2007

Former Brocade CEO Says Conflicting Theories Prove Need for New Trial

SAN JOSE - To obtain a conviction, prosecutors argued that the former CEO of Brocade Communications Systems Inc. "deceived" high-level members of his own finance department about the company's backdating of stock-option grants.

By Craig Anderson
Daily Journal Staff Writer

      SAN JOSE - To obtain a conviction, prosecutors argued that the former CEO of Brocade Communications Systems Inc. "deceived" high-level members of his own finance department about the company's backdating of stock-option grants.
      But in civil complaints, the Securities and Exchange Commission accused two former Brocade financial officers o...

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