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As the trial of Gregory Reyes, the former CEO of Brocade Communications, began Monday morning, it became clear why his case will be a proving ground for federal prosecutors probing dozens of companies with options problems: The prosecution and defense agree that Brocade improperly accounted for the options it issued. The only argument is whether the problems amounted to criminal fraud.
June 19, 2007 at 12:00 AM
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The original version of this story was published on National Law Journal
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