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Securities And Exchange Commission v. Reyes et al

  1. August 15, 2011

    Former Brocade CEO Settles SEC Backdating Suit

    Former Brocade Communications Systems Inc. CEO Gregory L. Reyes, who was convicted of illegal stock option backdating, has agreed to pay nearly $850,000 to settle the U.S. Securities and Exchange Commission's case against him, the SEC told a California federal judge on Monday.

  2. August 25, 2008

    No Remedies Levied Against Brocade CEO For Now

    A federal judge has ruled that the criminal conviction of Brocade Communications Systems Inc.'s fallen CEO Gregory Reyes for options backdating prevents him from re-litigating civil securities fraud claims brought separately by the U.S. Securities and Exchange Commission, but has shot down the agency's request for remedies against him.

  3. August 22, 2008

    SEC Fights For Injunctive Relief V. Brocade's Ex-CEO

    A federal judge questioned U.S. Securities and Exchange Commission attorneys Friday on why he should grant the agency's bid for injunctive relief against Brocade Communications Systems Inc.'s fallen CEO Gregory Reyes, who has been sentenced to 21 months in prison and a $15 million penalty for his role in the company's backdating options scandal.

  4. October 23, 2007

    Reyes Slams SEC Doc Requests

    Former Brocade CEO Gregory Reyes has blasted a U.S. Securities and Exchange Commission request that he produce more documents in the ongoing civil suit filed against him, claiming that he has already provided 314,000 pages of documents in the case.

  5. August 23, 2007

    SEC Combines Suits Against Ex-Brocade Execs

    The U.S. Securities and Exchange Commission has received clearance to consolidate two of its lawsuits against former Brocade Communications Systems Inc. executives for allegedly playing roles in improperly backdating stock options at the data storage networking company.

  6. August 22, 2007

    SEC Blasts Ex-Brocade CEO For Withholding Data

    The U.S. Securities and Exchange Commission has accused Brocade Communication System Inc.’s former chief executive Gregory Reyes of tying up the discovery process in the agency’s case against him for allegedly orchestrating the backdating of stock options at the data storage networking company.

  7. July 20, 2007

    Judge Holds Off On Deciding Brocade CEO's Fate

    A judge has reportedly declined to rule on a motion to dismiss criminal charges against former Brocade Communication Systems Inc. CEO Gregory Reyes, who allegedly failed to disclose the costs of backdated stock options paid to company employees.

  8. June 27, 2007

    Parties In Brocade Case Ask To Keep Data Private

    Hoping to end a month-long dispute, the U.S. Securities and Exchange Commission and Brocade Communication Inc.’s former chief executive officer have proposed keeping financial information produced by two brokerage firms confidential.

  9. June 11, 2007

    SEC Gets Data Go-Ahead In Brocade CEO Case

    A judge has shot down a request by former Brocade Communication Inc. CEO Gregory Reyes to quash the U.S. Securities and Exchange Commission’s subpoenas of Merrill Lynch & Co. Inc. and Deutsche Bank AG.

  10. May 25, 2007

    SEC, Brocade Exec Clash Over Subpoenas

    The U.S. Securities and Exchange Commission has filed a motion opposing a former Brocade Communications Systems Inc. executive's attempt to quash the subpoenas of Merrill Lynch and Deutsche Bank in his case.

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