Trial Starts for Former Chief in Options-Backdating Case
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Gregory L. Reyes, the former chief executive of Brocade Communications, is accused of misleading investors by backdating stock option grants, among other things.
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The defence case in Conrad Black's trial begins with his former secretary defending his actions over alleged removal of evidence.
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The former chairman of Hollinger International has been on trial for three months on charges relating to obstruction of justice and tax fraud.
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InfoWorld - The practice of manipulating stock options grants to make them more favorable has come back to haunt yet another round of high-tech executives. A former Monster Worldwide Inc. executive is expected to agree to a plea deal in New York Thursday, just a day after the founder of Take-Two Interactive Software Inc. pleaded guilty to a state felony related to backdating.
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A lawyer for a former chief prosecutor accused of helping a convicted rapist get a new trial in exchange for campaign contributions tried to cast him as an ethical man as his trial began Wednesday.
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Nearly three years after Enron Corp.'s  dramatic collapse into bankruptcy, the first criminal trial against the disgraced energy company's former employees is set to kick off on Monday.
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A former Brocade Communications Systems Inc. executive who was convicted in a landmark stock options case won't get a new trial, despite a key prosecution witness recanting parts of her testimony, a judge ruled Wednesday.
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Federal prosecutors are strongly  considering criminal charges against former executives of  Broadcom Corp., Apple Inc., and KLA-Tencor Corp., related to  the backdating of stock options, the Wall Street Journal  reported on Friday, citing people familiar with the situation.
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Apple Inc. CEO Steve Jobs has been subpoenaed by the U.S. Securities and Exchange Commission to give a deposition in a stock-options backdating case against Apple's former general counsel, a person familiar with the case told The Associated Press Thursday.
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Conrad W. Hewitt, chief accountant of the Securities and Exchange Commission, sought yesterday to clarify the proper accounting for backdated options, reserving the harshest accounting for companies that followed a practice of reducing the exercise price after options were issued.
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A former executive who was a participant in the wrongdoing that helped cripple Enron testified on Monday, providing the first glimpse through the eyes of a principal of
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The trial for former Internet idol Takafumi Horie was scheduled to open Monday in a case that underlines a modernizing Japan's efforts to grapple with the rise of ventures and define the legal boundaries for aggressive stock trading.
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Faces fraud charges related to alleged backdating of stock options at the security specialist while it was known as Network Associates.
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Brocade Communications Systemsâ former chief executive  received a 21-month prison sentence for designing a plan to tamper with the firmâs records of stock option grants.
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A civil lawsuit accusing Henry Nicholas III, the former president and CEO of Broadcom Corp., of mistreating employees, using illegal drugs and paying for prostitutes, has reportedly caught the attention of U.S. law enforcement officials investigating stock options backdating at the company.
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Monster Worldwide's former general counsel pleaded guilty in a Manhattan courtroom Thursday, another executive caught up in the stock options backdating scandal.
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A group of seven former brokers and day-trading executives will face a second trial over whether they conspired to improperly profit from information broadcast over brokers' internal "squawk box" systems.