Former Brocade CEO: Hello, BofA? Yes, I’d Like to Stop Payment on a $15 Million Check.

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.
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Monster Settles Class Action

Quite an eventful afternoon for Monster Worldwide (MNST). For starters, the company announced that it has reached a tentative settlement of a securities class action connected with the company’s previous stock option-granting practices.