SEC Fights For Injunctive Relief V. Brocade's Ex-CEO

Law360, New York (August 22, 2008, 12:00 AM EDT) -- A federal judge questioned U.S. Securities and Exchange Commission attorneys Friday on why he should grant the agency's bid for injunctive relief against Brocade Communications Systems Inc.'s fallen CEO Gregory Reyes, who has been sentenced to 21 months in prison and a $15 million penalty for his role in the company's backdating options scandal.

Judge Charles A. Breyer kicked off the motion hearing in San Francisco Friday by asking Reyes' attorney, Richard Marmaro of Skadden Arps Slate Meagher & Flom LLP, what the likelihood was of...
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