John Paczkowski in News on March 29, 2010 at 10:18 am PT
Former Brocade Communications Systems CEO Greg Reyes’s luck took a turn for the worse last week when he was once again found guilty of securities fraud. Though it acquitted him on one count of conspiracy, a federal jury on Friday found Reyes guilty on nine counts of securities fraud and making false statements–the same ones overturned last August because of prosecutorial misconduct.
John Paczkowski in News on August 19, 2009 at 7:18 am PT
Another first for former Brocade Communications Systems CEO Greg Reyes. He was the first Silicon Valley CEO to be indicted on federal charges in the options backdating scandal of a few years ago and the first to be found guilty. And on Tuesday, he became the first to have his conviction overturned.
John Paczkowski in News on May 18, 2009 at 11:09 am PT
Monster has finally put its backdating case to rest. Nary a week after former COO James Treacy was convicted of conspiracy and securities fraud, the online employment search company agreed to pay a $2.5 million fine to the U.S. Securities and Exchange Commission to settle charges that it improperly backdated millions of dollars in stock options.
John Paczkowski in News on February 17, 2009 at 3:52 pm PT
Two weeks after Canadian regulators dropped the hammer on Blackberry maker Research-In-Motion for its stock option backdating scheme, the Securities and Exchange Commission has dropped it again. Today, the agency charged four RIM execs with illegally granting stock options to company employees over an eight-year period from 1998 through 2006.
John Paczkowski in News on September 11, 2008 at 12:00 am PT
One new Apple achievement that went unannounced at Tuesday’s “Let’s Rock” keynote was a final tidying-up of the company’s options backdating scandal. A group of former and current Apple executives that includes CEO Steve Jobs, CFO Peter Oppenheimer and COO Tim Cook has reached a tentative settlement in a shareholder lawsuit filed over stock-option irregularities.
John Paczkowski in News on September 11, 2008 at 12:00 am PT
One new Apple achievement that went unannounced at Tuesday’s “Let’s Rock” keynote was a final tidying-up of the company’s options backdating scandal. A group of former and current Apple executives that includes CEO Steve Jobs, CFO Peter Oppenheimer and COO Tim Cook has reached a tentative settlement in a shareholder lawsuit filed over stock-option irregularities.
John Paczkowski in News on August 15, 2008 at 5:22 am PT
The wheels of justice grinding away at Apple’s option-backdating scandal for the past few years have worn another career down to gritty dust. The Securities and Exchange Commission on Thursday settled the last civil case against a former Apple executive accused of stock-option fraud.
John Paczkowski in News on August 15, 2008 at 5:22 am PT
The wheels of justice grinding away at Apple’s option-backdating scandal for the past few years have worn another career down to gritty dust. The Securities and Exchange Commission on Thursday settled the last civil case against a former Apple executive accused of stock-option fraud.
John Paczkowski in News on July 10, 2008 at 3:45 pm PT
Looks like Steve Jobs’s notorious “Reality Distortion Field” also doubles as a Federation Starfleet-style force field in a pinch. The U.S. Justice Department has ended its investigation into backdated options at Apple and chosen not to bring criminal charges against the company.
