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S.E.C. v. REYES

No. C 06-04435 CRB.

491 F.Supp.2d 906 (2007)

SECURITIES and EXCHANGE COMMISSION, Plaintiff, v. Gregory L. REYES, et al., Defendants.

United States District Court, N.D. California.

May 17, 2007.

Attorney(s) appearing for the Case

Christopher James Steskal, Fenwick & West, Susan Fleischmann, Susan F. Lamarca, Jennifer L. Scafe, John S. Yun, Patrick Thomas Murphy, Robert S. Leach, William Salzmann, U.S. Securities & Exchange Commission, Robert T. Cruzen, Howard Rice Nemerovski Canady Falk & Rab, San Francisco, CA, for Plaintiff.

Garrett J. Waltzer, Richard Marmaro, Skadden Arps Slate Meagher & Flom LLP, Brad D. Brian, Jerome Roth, Monica Diggs Mange, Yohance Claude Edwards, Munger Tolles & Olson, Los Angeles, CA, Christopher J. Gunther, Skadden Arps Slate Meagher & Flom LLP, Robert Buehler, Heller Ehrman LLP, New York, NY, Alexander M.R. Lyon, Megan Dixon, Norman J. Blears, Heller Ehrman LLP, Menlo Park, CA, Robin Wechkin, Heller Ehrman LLP, Seattle, WA, Jan Nielsen Little, Michael D. Celio, Keker & Van Nest LLP, San Francisco, CA, for Defendants.

ORDER RE: DEFENDANT'S MOTION FOR SUMMARY JUDGMENT ON THE ISSUE OF MATERIALITY

BREYER, District Judge.

The SEC filed this enforcement action against three former executives of Brocade Communications Systems, Inc. ("Brocade") for their alleged participation in a scheme to backdate stock options. Now pending before the Court is a motion for partial summary judgment filed by Defendant Gregory Reyes ("Reyes"), Brocade's former CEO. The issue presented...

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