Corporate
Jun. 22, 2009
Brocade Settles With Reyes and Other Former Execs
After vowing to get its money back for financing the legal expenses of its former chief executive and others, Brocade Communications Systems Inc. has agreed to a settlement that will pay the company a little more than $13 million.
By Craig Anderson
Daily Journal Staff Writer SAN JOSE - After vowing to get its money back for financing the legal expenses of its former chief executive and others, Brocade Communications Systems Inc. has agreed to a settlement that will pay it about $13 million, according to sources familiar with the deal. The agreement would require Gregory Reyes, Brocade's former CEO, to pay his former company about $12.5 million. Two company directors would p...
Daily Journal Staff Writer SAN JOSE - After vowing to get its money back for financing the legal expenses of its former chief executive and others, Brocade Communications Systems Inc. has agreed to a settlement that will pay it about $13 million, according to sources familiar with the deal. The agreement would require Gregory Reyes, Brocade's former CEO, to pay his former company about $12.5 million. Two company directors would p...
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