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.
February 23, 2010 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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 Kronish 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 Goodrich & Rosati, was fine with the practice.
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