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...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Securities And Exchange Commission v. Reyes et al


Case Number

3:06-cv-04435

Court

California Northern

Nature of Suit

Securities/Commodities

Judge

Charles R. Breyer

Date Filed

July 21, 2006

Law Firms

Companies

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.