Corporate
Aug. 21, 2007
SEC Charges Add Twist to Brocade Case
SAN JOSE - Michael Byrd, the former chief financial officer at Brocade Communications Systems Inc., was charged with civil fraud by the Securities and Exchange Commission for looking the other way while other company executives backdated stock-options grants and failed to account for them properly, including the former chief executive officer convicted two weeks ago of criminal fraud.




Daily Journal Staff Writer
SAN JOSE - Michael Byrd, the former chief financial officer at Brocade Communications Systems Inc., was charged with civil fraud by the Securities and Exchange Commission for looking the other way while other company executives backdated stock-options grants and failed to account for them properly, including the former chief executive officer convicted two weeks ago of crimin...
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