A federal jury on Friday convicted former Brocade CEO Gregory Reyes on nine out of 10 felony counts -- just one less than the last time he was tried over the backdating of stock options. Sentencing is set for June 24 for Reyes, who marked the goverment's first and most high-profile conviction of an executive for backdating until his 2007 conviction was thrown out last year by the 9th Circuit, which said prosecutors had misled jurors with false assertions during closing arguments.
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In Retrial, Former Brocade CEO Found Guilty of Most Counts
The Recorder
March 29, 2010
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