Brocade Outside Directors Want Options Suit Tossed

Law360, New York (May 18, 2007, 12:00 AM EDT) -- Lawyer Larry Sonsini and two other outside directors of Brocade Communications Systems Inc. have asked a court to dismiss a purported class action against them, claiming that the plaintiff has not shown that they knew or intentionally ignored the alleged backdating of stock option grants at the company.

On Friday, the outside directors requested that the U.S. District Court for the Northern District of California dismiss the complaint again for failing to plead a strong inference of scienter against them.

Prena Smajlaj, who claimed he bought...
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