In a bid to keep ex-Brocade CEO Gregory Reyes out of prison, his attorneys tried to paint him as a victim of lawyers who should have done a better job advising him in the stock option backdating mess. But federal Judge Charles Breyer wasn't buying it. He sentenced Reyes to 18 months in prison Thursday, and imposed a $15 million fine. "Yes, it's not a bad question to ask, 'Where were the lawyers?'" Breyer said. "But we're not dealing with someone ... who is unsophisticated and can't understand the words he writes."
June 25, 2010 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
In a vain attempt to keep former Brocade CEO Gregory Reyes out of prison, his attorneys tried to paint him as a victim of lawyers who should have done a better job advising him in the stock option backdating mess.
But U.S. District Judge Charles Breyer wasn’t buying it. He sentenced Reyes to 18 months in prison Thursday, and imposed a $15 million fine.
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