By lunchtime Friday, federal prosecutors on the first stock options backdating trial must've known their weekend was ruined. Three days after the two Assistant U.S. Attorneys rested their securities fraud case against former Brocade Communications CEO Gregory Reyes, U.S. District Judge Charles Breyer ordered them to justify their case in writing. The prosecutors must file a brief explaining what evidence they presented in trial showing that Reyes acted with criminal intent.
Judge Grills Prosecutors in First Stock Option Backdating Trial
July 9, 2007