Brocade Ex-CEO Gets 18 Months In Prison, $15M Fine

Law360, New York (June 24, 2010, 5:57 PM EDT) -- Former Brocade Communications Systems Inc. CEO Gregory Reyes was sentenced to 18 months behind bars and fined $15 million Thursday, after being convicted in March of engineering an options backdating scheme during his time at the data storage company.

Judge Charles R. Breyer of the U.S. District Court for the Northern District of California issued the sentence a day after he denied Reyes' motion for acquittal and for a new trial.

Reyes plans to appeal, according to one of his attorneys at Cooley Godward Kronish LLP....
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