Monday, June 18, 2007

Brocade ex-CEO approved options to lure staff-lawyer

(Reuters) - In the first criminal trial against U.S. executives who
backdated stock options, former Brocade CEO Gregory Reyes'
defense disputed government fraud charges and stressed that he
did not personally profit from such practices.




"No one at Brocade was trying to criminally defraud the
shareholders or anyone else," Reyes' attorney, Richard Marmaro,
told jurors on the trial's first day of testimony in U.S.
District Court in San Francisco.


Read more at Reuters.com Government Filings News

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