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.
The government had seen its 2007 conviction of Reyes, its first and most high-profile conviction of an executive over backdating, thrown out last year by the 9th U.S. Circuit Court of Appeals, which said prosecutors had misled jurors with false assertions during closing arguments.
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