Year: 2007

Securities Litigation This Week (August 6 to 10, 2007)

A Sad end to the Pequot investigation  The Senate Finance Committee issued a lengthy report on the SEC’s now closed investigation into Pequot Capital Management which hopefully is the final chapter in this sad saga.  The report details one misstep

Stock Option Backdating: A Win For the Government In Reyes Suggests a Narrower Focus in Future Cases

Today, a jury found former Brocade Communications Systems, Inc. CEO Gregory Reyes guilty on all charges in a case based on backdating stock options.  This is the first government enforcement action – civil or criminal – to go to trial.