By: Cydney Posner

In case you missed it, attached is the WSJ's page one story about the indictments at Brocade. For the SEC/:OJ joint press release, Litigation and Complaint.    

At yesterday's press conference announcing the actions, the SEC stated that there were at least 80 investigations currently underway regarding option backdating problems.  To reinforce the seriousness of the issue, government principals, including Chairman Cox and Head of Enforcement Linda Thomsen, flew out to San Francisco to participate in the press conference.

This content is provided for general informational purposes only, and your access or use of the content does not create an attorney-client relationship between you or your organization and Cooley LLP, Cooley (UK) LLP, or any other affiliated practice or entity (collectively referred to as "Cooley"). By accessing this content, you agree that the information provided does not constitute legal or other professional advice. This content is not a substitute for obtaining legal advice from a qualified attorney licensed in your jurisdiction, and you should not act or refrain from acting based on this content. This content may be changed without notice. It is not guaranteed to be complete, correct or up to date, and it may not reflect the most current legal developments. Prior results do not guarantee a similar outcome. Do not send any confidential information to Cooley, as we do not have any duty to keep any information you provide to us confidential. When advising companies, our attorney-client relationship is with the company, not with any individual. This content may have been generated with the assistance of artificial intelligence (Al) in accordance with our Al Principles, may be considered Attorney Advertising and is subject to our legal notices.