Former Chief of Brocade Pleads Not Guilty
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Gregory L. Reyes pleaded not guilty to securities fraud and other charges that he improperly backdated employee stock option grants.
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SAN FRANCISCO, June 18 -- Gregory L. Reyes, the former chief executive of Brocade Communications Systems, either masterminded a stock-option backdating scheme designed to defraud investors or fell victim to murky accounting laws and heightened public scrutiny of corporate accounting errors, lawyers...
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NEW YORK -- The former chief executive officer of Computer Associates pleaded not guilty Thursday to criminal charges stemming from a multibillion-dollar accounting scandal.
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wo former top executives of Computer Associates International pleaded not guilty yesterday in federal court in Brooklyn to charges of securities fraud and obstruction of justice, one day after they were indicted.
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Takafumi Horie, the former CEO of   Internet firm Livedoor Co. who came to symbolize a freewheeling   capitalism at odds with Japan's cozy corporate norms, pleaded   not guilty on Monday to charges of breaking securities law.
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Takafumi Horie, the former CEO of   Internet firm Livedoor Co. who came to symbolize a freewheeling   capitalism that challenged with Japan's staid corporate norms,   pleaded not guilty on Monday to charges of breaking securities   laws.
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Former Computer Associates boss Sanjay Kumar today pleaded not guilty to fraud and a host of other charges thrown at the onetime software kingpin by the Feds.
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Brocade Communications Systems  Inc's  former chief was sentenced on Wednesday to 21  months in prison for backdating stock-option grants in a  scandal that has ensnared scores of U.S. companies and led to  billions of dollars of restatements.
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Former Computer Associates  International Inc. CA.N Chief Executive Sanjay Kumar pleaded  not guilty on Thursday to charges of securities fraud and  obstruction of justice after a two-year investigation into  accounting fraud at the company.
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Former Computer Associates  International Inc. CA.N Chief Executive Sanjay Kumar pleaded  not guilty on Thursday to charges of securities fraud and  obstruction of justice after a two-year investigation into the  company's accounting practices.
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A former phone company employee pleaded not guilty Monday to charges of lying to FBI agents and a federal grand injury investigating wiretapping allegations against Hollywood private investigator Anthony Pellicano.
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[World News] New York, Sep 24, : Sanjay Kumar, former CEO of New York-based software giant Computer Associates, has pleaded not guilty to charges of defrauding investors by fudging records.
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Former Brocade Communications Systems CEO Gregory Reyes has been sentenced to 21 months in prison and a $15 million fine for fraud related to backdating of the storage networking company&#39;s stock options.Reyes was convicted last August&#160;in the most prominent of many criminal and civil cases in the past two years related to backdating by high-tech companies. Apple, McAfee, Rambus, and scores of other vendors have faced either internal or external probes. Reyes&#39; conviction was the first by the U.S. Department of Justice in a backdating case. Reyes was found guilty on 10 charges including securities fraud, conspiracy and falsifying financial records. He could have faced as much as 20 years in prison.The sentencing order on Wednesday from Judge Charles Breyer of the U.S. District Court for the Northern District of California has been stayed pending an expected appeal, which has not yet been filed, according to the court.Backdating, which involves changing the date that stock options grants were made to certain employees so they can later get a bigger profit, is not illegal but has to be accounted for properly. Many high-tech companies used the practice during the Internet boom early in this decade to attract prized employees.In the wake of Brocade&#39;s backdating problems, the company restated its results from 1999 to 2004. The scandal also led to charges against Stephanie Jensen, former vice president of human resources, and Michael Byrd, the company&#39;s former CFO and COO.
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Takafumi Horie, the former CEO of  Internet firm Livedoor Co. who came to symbolize a freewheeling  capitalism that challenged with Japan's cozy corporate norms,  pleaded not guilty on Monday to charges of breaking securities  laws.
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Former financier Martin Armstrong pleaded not guilty to expanded charges of fraud on Friday, just days after he challenged a contempt order that has kept him imprisoned for more than four years.
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Disgraced Internet mogul Takafumi Horie has plead not guilty over a scandal at the once high-flying Livedoor firm that highlighted Japan's struggle to adapt to a more aggressive US-style capitalism.
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Two men accused of aiding a Romanian man charged with hacking into the online ordering system of the world's largest computer equipment distributor pleaded not guilty to charges of mail fraud and conspiracy to ...