It's not often that the chairman of one major Silicon Valley law firm kicks dirt in open court on a fellow chairman/business rival. But in part of his opening statement Monday, Cooley Godward Chairman Stephen Neal claimed that former Brocade CEO Gregory Reyes could not be convicted of illegal stock option backdating because Brocade's outside counsel, Wilson Sonsini, was fine with the practice. Wilson chairman Larry Sonsini sat on Brocade's board and received backdated stock options himself, Neal said.
Ex-Brocade CEO's Backdating Retrial Opens, With Law Firm Name Dropping
February 23, 2010