Investments
Dec. 4, 2009
U.S. Mulls Retrying Brocade CEO
A federal prosecutor said he would try Gregory Reyes on backdating related charges that were reversed by an appeals court, then raised the possibility of seeking new indictment.
Daily Journal Staff Writer
SAN FRANCISCO - A federal prosecutor hedged Wednesday on whether to retry former Brocade Communications Systems Inc. Chief Executive Gregory Reyes on fraud charges related to stock options backdating.
Assistant U.S. Attorney Adam Reeves initially declared that the government would retry Reyes, whose 10 felony convictions for supervising a scheme to backdate employee stock options wer...
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