Wilson Sonsini's Role As Brocade Counsel Queried

Law360, New York (April 30, 2007, 12:00 AM EDT) -- A judge has raised concerns with Wilson Sonsini over its role as counsel for Brocade Communications Systems Inc. in a case over options backdating.

During a hearing in a California district court Friday, Judge Charles Breyer queried the firm’s dual roles as counsel for the company and certain of its former directors, including name partner Larry Sonsini, in litigation over options backdating.

Breyer asked Wilson Sonsini partner Nina Locker if it were appropriate for the firm’s attorneys to be negotiating a settlement in light of evidence...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.