While the district judge hearing the case seemed interested in some defense arguments, it seems unlikely that motions to do away with either civil or criminal charges of backdating employee stock options will succeed.
February 08, 2007 at 12:00 AM
1 minute read
The original version of this story was published on National Law Journal
The initial casualties of the government’s massive stock option backdating probe had their first chance to try to get their cases thrown out of court on Wednesday.
But after an hour of arguments, it seemed unlikely that U.S. District Judge Charles Breyer would dismiss some of the fraud counts against former Brocade Communications CEO Gregory Reyes and ex-HR manager Stephanie Jensen.
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