Story here. The SEC will hold a Webcast press conference at 5pm E.D.T. (click here).
Charges filed against Brocade CEO for option backdating
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It seems like they did it just to placate the media and others hungry for blood. From all the reports and details, Greg Reyes was not directly involved, the case seems fairly weak and the details of his involvement are sketchy. Politics!
Mukund
http://blog.vangal.com