Inexact drafting by lawyers for former Brocade chief executive Gregory Reyes may have gotten an extra six months tacked on to his jail sentence for stock option backdating, writes The Recorder. US District Judge Charles Breyer sentenced the former Silicon Valley icon to 21 months in prison on Wednesday (16 January). Breyer also imposed a $15m (£7.7m) fine but did not order Reyes to pay any restitution. Breyer stayed the entire sentence pending appeal.
January 17, 2008 at 07:18 AM
1 minute read
The original version of this story was published on Legalweek
Inexact drafting by lawyers for former Brocade chief executive Gregory Reyes may have gotten an extra six months tacked on to his jail sentence for stock option backdating, writes The Recorder.
US District Judge Charles Breyer sentenced the former Silicon Valley icon to 21 months in prison on Wednesday (16 January). Breyer also imposed a $15m (£7.7m) fine but did not order Reyes to pay any restitution. Breyer stayed the entire sentence pending appeal.
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