Wilson Sonsini Released From Brocade Suit For $9.5M

Law360, New York (August 5, 2008, 12:00 AM EDT) -- Wilson Sonsini Goodrich & Rosati PC has paid $9.5 million to Brocade Communications Systems in order to be released, along with firm chairman Larry Sonsini, from an action the data management company hopes will replace all existing derivative shareholder litigation over Brocade's backdating scandal.

WSGR, former outside counsel to Brocade, and Sonsini — who served on the board of Brocade for six years — are off the hook if the court approves the company's request to dismiss the existing derivative shareholder suits and name Brocade as...
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