SEC Combines Suits Against Ex-Brocade Execs

Law360, New York (August 23, 2007, 12:00 AM EDT) -- 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.

Judge Charles R. Breyer signed off on the SEC’s motion Thursday in the U.S. District Court for the Northern District of California to merge the agency’s suit, filed on Aug. 17 against former chief financial officer Michael Byrd, with its ongoing civil action against former chief executive officer Gregory...
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