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: JURIST - The Paper Chase

Ninth Circuit overturns stock options backdating conviction of Brocade ex-CEO

By Bernard Hibbitts (editor) and University of Pittsburgh School of Law students.

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[JURIST] The US Court of Appeals for the Ninth Circuit on Tuesday overturned the conviction of former Brocade Communications Systems CEO Gregory Reyes for backdating stock options. Citing prosecutorial misconduct, the appeals court overturned Reyes's 2007 conviction and sentence on conspiracy and fraud charges for backdating stock options. The Ninth Circuit found that the prosecution had made a false assertion of material fact to the jury in the closing argument. The prosecutor told the jury tha read more

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Full post as published by JURIST - The Paper Chase on August 19, 2009 (boomark / email).

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