In a decision that astounded his defense team and a courtroom full of observers, Gregory Reyes, the former CEO of Brocade Communications, was convicted Tuesday on 10 felony counts relating to the backdating of stock options.

After six days of deliberations, 10 consecutive guilty verdicts were read. Reyes’ wife sobbed, the defendant and his lawyer — Skadden, Arps, Slate, Meagher & Flom partner Richard Marmaro — slumped in their seats, and at least two jurors wept. On their way out of the federal building, the jurors declined to answer questions.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]