We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Ex-Brocade Exec Gets Jail, Fine In Backdating Case

Law360 (March 19, 2008, 12:00 AM EDT) -- Stephanie Jensen, the former human resources chief of Brocade Communications Systems Inc., was sentenced on Wednesday to four months in prison and ordered to pay a $1.25 million fine for her alleged role in a stock options backdating scandal, Dow Jones reported.

Earlier this month, Judge Charles Breyer set guidelines for sentencing Jensen, who was convicted in December of falsifying offer letters and other documents in order to lock in lower stock options grant prices.

Breyer ruled that prison was appropriate for Jensen because she had...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.