Jun 24, 2010
Blaming Lawyers No ‘Stay Out of Jail’ Card for Former CEO
In a bid to keep ex-Brocade CEO Gregory Reyes out of prison, his attorneys tried to paint him as a victim of lawyers who should have done a better job advising him in the stock option backdating mess. But federal Judge Charles Breyer wasn’t buying it. He sentenced Reyes to 18 months in prison Thursday, and imposed a $15 million fine.