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Securities

Jan. 8, 2010

Brocade Official to Serve Prison Time

A former human resources official at Brocade Communications Systems Inc. will be the first Silicon Valley executive to serve a prison sentence for stock options backdating, a federal judge ruled Wednesday.

By Craig Anderson

Daily Journal Staff Writer

SAN FRANCISCO - A former human resources official at Brocade Communications Systems Inc. will be the first Silicon Valley executive to serve a prison sentence for stock options backdating, a federal judge ruled Wednesday.

U.S. District Judge Charles Breyer trimmed Stephanie Jensen's punishment after the 9th U.S. Circuit Court of Appeals overturned his finding that she obstructed ...

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