Federal prosecutors are trying again to convict the former chief executive of Brocade Communications Inc. in a stock options scandal that triggered hundreds of other investigations.
Gregory Reyes was the first executive to stand trial over the so-called backdating of stock options.
The practice involves falsely dating the purchase of options to the past when the company's stock price was low, for financial benefit. The company was accused of failing to disclose that to federal regulators.
At least a dozen other executives, including Brocade's former human resources chief, have since faced charges over backdating.
A jury convicted Reyes in 2008 of 10 felony counts, including fraud and conspiracy. But an appeals court later tossed it out, citing prosecutorial misconduct.
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