Wilson Sonsini Goodrich & Rosati has paid $9.5m (£4.9m) to Brocade Communications Systems to release itself – as well its chairman and former Brocade board member, Larry Sonsini – from civil claims stemming from the backdating disaster at the firm’s longtime client, reports The Recorder.
News of Wilson’s payment was included in a footnote in court filings on Friday (1 August) connected to the effort by Brocade’s special litigation committee to recover some of the approximately $830m (£425m) it alleges the scandal has cost the company in settlements, legal fees and a missed merger opportunity with Cisco Systems.
