Brocade CEO Acted Within Employment Scope: Judge

Law360, New York (May 13, 2008, 12:00 AM EDT) -- The former head of Brocade Communications Systems Inc. acted within the scope of his employment when he signed off on securities filings issued during a stock options backdating scandal, a federal judge has ruled.

In a ruling handed down Tuesday in the U.S. District Court for the Northern District of California, Judge Charles R. Breyer granted partial summary judgment to plaintiffs in a securities class action, finding that Gregory Reyes acted within the scope and course of his employment when he approved 10-Ks for fiscal years...
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