Year: 2010

REYES IS CONVICTED AGAIN, BUT TROUBLING QUESTIONS PERSIST

Government persistent has paid off, at least for now. Gregory L. Reyes, former Chief Executive Officer of Brocade Communications Systems, Inc., was convicted of securities fraud based on option backdating claims for a second time on Friday. U.S. v. Reyes,

THIS WEEK IN SECURITIES LITIGATION (March 26, 2010)

The market crisis, past enforcement failures, insider trading and the FCPA dominated securities litigation this week. In the wake of the report on the collapse of Lehman, not surprisingly there are calls for a criminal investigation. Another Inspector General report,

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