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This was the second time the case was on trial after Reyes was convicted in 2008 but a federal appeals court called for a re-trial, concluding that misconduct on the prosecutor's side had taken place during the original trial. Then, the court sentenced Reyes to one year and nine months in prison and ordered him to pay a fine of $15 million.
Sentencing in the most recent proceedings was scheduled for June 24. AP reported that Reyes' attorneys planned to request a new trial.
In 2008, San Jose, Calif.-based Brocade paid $160 million to settle an investor class-action lawsuit filed in 2005. Also that year, the company's former human resources manager Stephanie Jensen was convicted of charges similar to Reyes'. Following an appeal, she was sentenced to two months in prison and a fine of $1.25 million.
In 2007, Brocade settled a lawsuit filed by US Securities and Exchange Commission, accusing the company of fraud. The company paid $7 million to make the SEC charges go away.
This was the second time the case was on trial after Reyes was convicted in 2008 but a federal appeals court called for a re-trial, concluding that misconduct on the prosecutor's side had taken place during the original trial. Then, the court sentenced Reyes to one year and nine months in prison and ordered him to pay a fine of $15 million.
Sentencing in the most recent proceedings was scheduled for June 24. AP reported that Reyes' attorneys planned to request a new trial.
In 2008, San Jose, Calif.-based Brocade paid $160 million to settle an investor class-action lawsuit filed in 2005. Also that year, the company's former human resources manager Stephanie Jensen was convicted of charges similar to Reyes'. Following an appeal, she was sentenced to two months in prison and a fine of $1.25 million.
In 2007, Brocade settled a lawsuit filed by US Securities and Exchange Commission, accusing the company of fraud. The company paid $7 million to make the SEC charges go away.