Brocade stock option backdating

Definition of backdating in the legal dictionary - by free online english dictionary and encyclopedia what is backdating meaning of backdating as a legal term what does backdating mean in law. Disgraced ex-brocade ceo greg reyes, who appealed in 2007 against a 21-month prison sentence for stock option backdating, has been given an 18-month term in the slammer plus a $15m fine. Option backdating enabled brocade and other firms in the form of backdated stock options brocade felt the need to being, was motive for backdating. Former brocade communications systems ceo gregory reyes has been sentenced to 21 months in prison and a us$15 million fine for fraud related to backdating of the storage networking company's stock options.

San francisco — former brocade communications systems inc chief executive gregory reyes was convicted tuesday of defrauding investors in the first stock options backdating case to go to trial. We have closely followed the up-and-down travails of former brocade ceo gregory reyes (pictured) he was convicted in 2007 for his role in stock options backdating at the company, receiving a 21-month prison term but his conviction was reversed last year by the 9th circuit prosecutor the retried. A jury has found former brocade communications systems ceo gregory reyes guilty of charges related to the company’s backdating of stock-option grants. Culture brocade hopes to turn page with $160 million payment company makes history by paying one of the biggest settlements ever to end a stock option backdating lawsuit.

Even before brocade communications system's (brcd) former ceo gregory reyes was indicted last summer for his role in that company's stock options back-dating scandal, he&hellip. Former brocade ceo gregory reyes has been found guilty of charges relating to the company's backdating of stock options. In the first sec civil fraud settlements related to stock-option timing abuse, mercury interactive is hit with $28 million and brocade $7 million. The case of a former brocade communications executive was the first stock options backdating case to go to trial.

No need to wonder any longer and no need to mix up “brocade” (nasdaq:brcd) with “broadcom (brcm) get it straight: brocade communications is the first company. Hr chief goes on trial in brocade backdating case jensen’s is the second such trial to take place in the matter of stock option backdating—the now-scorned.

Brocade stock option backdating

The legal pad blog shares extra the case stemmed from a stock options backdating scandal that for stock option backdating while he was ceo at brocade. San francisco — prosecutors argued monday that a former brocade communications systems executive was a key enforcer in an illegal accounting scheme, while her attorney said she was just following instructions when she backdated stock options stephanie jensen, brocade’s former vice president of. Jury convicts ceo in stock-option backdating case - compensation news on compensation administration.

Brocade communications systems former chief executive officer gregory reyes, 43, has been charged by us federal authorities with civil and criminal securities fraud along with two additional former company executives, marking the first time formal charges have been filed in the ever-widening government probe of stock-options backdating, the. In-house news: backdating: the new securities fraud by amy e wong stock options are a typical form of compensation in public companies for gregory l reyes, former ceo of brocade communications systems, stock options gave him wealth, power, and, in a recent twist of fate, scandal.

(ap) -- the former chief executive of networking gear maker brocade communications inc was convicted friday of felony charges connected to backdating stock options. Options backdating is the practice of altering the date a stock option was granted, to a usually earlier (but sometimes later) date at which the underlying stock price was lower. Backdating probe had surprises for of interviews in a stock-options backdating companies manipulated stock-option grants by filing false. San francisco (marketwatch) -- gregory reyes, the former chief executive of brocade communications systems inc, was found guilty tuesday in the first stock-options-backdating case to go to trial.

Brocade stock option backdating
Rated 3/5 based on 14 review