U.S. District Judge Charles Breyer left the white-collar community hanging Thursday when he declined to rule on a motion to acquit former Brocade Communications Systems chief executive Gregory Reyes of criminal charges related to stock option backdating. Breyer said he would reserve any decision for a later date. "I could decide immediately, a week from now ... before it goes to a jury or after," the judge said, adding that he may decide not to rule at all.
Federal Judge Holds Off on Brocade Ruling
July 20, 2007