Internal strife at the Securities and Exchange Commission tanked a proposed settlement between the SEC and Michael Byrd, the former CFO of Brocade Communications.
Upset that a million-dollar deal proposed by the commission’s enforcement division wouldn’t have barred Byrd from being an accountant at other public companies, the SEC’s accounting division effectively scuttled the agreement, said lawyers briefed on the case.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
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]