Defense lawyers involved in the investigations of options backdating say at least one Silicon Valley executive will likely be indicted imminently, possibly with more to follow. Gregory Reyes, the ex-CEO of Brocade Communications, is widely expected to be the first indicted in the backdating mess. And Reyes has been quite public about who he thinks is responsible for the company's options problems: Larry Sonsini, a Wilson Sonsini Goodrich & Rosati corporate lawyer and a former member of Brocade's board.
July 17, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
In a news conference last week, San Francisco U.S. Attorney Kevin Ryan sounded unsure whether his new stock options task force would end up indicting any Silicon Valley executives.
“We’re not saying this will necessarily lead to criminal prosecutions,” Ryan told the San Francisco Daily Journal.
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