The first two executives ensnared in the nation’s stock options scandal pleaded not guilty Wednesday in federal court to charges of making false statements to securities regulators, falsifying records and other charges. Gregory Reyes, former chief executive of Brocade Communications Systems and Stephanie Jensen, Brocade’s former vice president of human resources, have said that any backdating was meant to attract employees, not to skew financial results. They face as many as 20 years in prison if convicted.
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Posted on Thursday, August 31st, 2006. Filed under: Business Law, Law Misc
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