IN RE BROCADE COMMUNICATIONS SYSTEMS, INC.

No. C 05-02233 CRB.

615 F.Supp.2d 1018 (2009)

In re BROCADE COMMUNICATIONS SYSTEMS, INC. DERIVATIVE LITIGATION. This document relates to ALL ACTIONS.

United States District Court, N.D. California.

January 6, 2009.


Attorney(s) appearing for the Case

Barbara A. Caulfield, Dewey & Leboeuf LLP, East Palo Alto, CA, Ann M. Ashton, Jonathan E. Richman, Lyle Roberts, Ralph C. Ferrara, Dewey & Leboeuf LLP, Washington, DC, Peter Edward Root, Dewey & Leboeuf LLP, East Palo Alto, CA, for Brocade Communications Systems, Inc.

Jack Patrick Dicanio, Richard Marmaro, Skadden Arps Slate Meagher & Flom LLP, Navid Yadegar, Proskauer Rose LLP, Los Angeles, CA, Garrett J. Waltzer, Skadden Arps Slate Meagher & Flom, LLP, Palo Alto, CA, for Gregory L. Reyes.

Norman J. Blears, Robin Eve Wechkin, Hogan & Hartson LLP, Palo Alto, CA, Colin Eugene Kelley, Heller Ehrman LLP, San Francisco, CA, Matthew C. Holohan, Heller Ehrman LLP, Menlo Park, CA, for Antonio Canova.

Jeffrey B. Rudman, Wilmer Cutler Pickering Hale & Dorr, Boston, MA, Jonathan Acker Shapiro, Wilmer Cutler Pickering Hale and Dorr LLP, Michael A. Mugmon, Wilmerhale LLP, Palo Alto, CA, for Seth D. Neiman.

Jeffrey L. Bornstein, Leah Gabriana Shough, Ramiz I. Rafeedie, K&L Gates LLP, San Francisco, CA, for Neal Dempsey.

Stephen D. Hibbard, Shearman & Sterling LLP, San Francisco, CA, for Christopher B. Paisley, David L. House, Nicholas G. Moore, L. William Krause, Sanjay Vaswani, Robert R. Walker, Michael Klayko.

Jan Nielsen Little, Michael D. Celio, Steven Paul Ragland, Keker & Van Nest, LLP, San Francisco, CA, for Stephanie Jensen.

John Mark Potter, Josh Alan Cohen, Patrick C. Doolittle, Quinn Emanuel Urquhart Oliver & Hedges LLP, San Francisco, CA, for Michael J. Byrd.

Douglas R. Young, Jessica Koren Nall, Farella Braun & Martel LLP, San Francisco, CA, for Mark Leslie.

Robert Charles Friese, Jahan Pierre Raissi, Jason Pang Fe Lee, Shartsis Friese & Ginsburg LLP, San Francisco, CA, for Paul R. Bonderson, Jr.

Michael David Torpey, Amy M. Ross, Justyna Maria Walukiewicz, Stephen Michael Knaster, Walter F. Brown, Orrick Herrington & Sutcliffe LLP, Ruth Young Kwon, Attorney at Law, San Francisco, CA, Anthony Angelo De Corso, Eric A. Gressler, Mark E. Beck, Orrick, Herrington, & Sutcliffe LLP, Los Angeles, CA, for Jack Cuthbert, Robert D. Bossi.


ORDER ON MOTIONS TO DISMISS

CHARLES R. BREYER, District Judge.

I. Introduction

This matter began as a shareholders' derivative action brought on behalf of Brocade Communications Systems, Inc. ("Brocade" or the "Company") against certain of its former officers and directors. Defendants were allegedly involved in a scheme to manipulate stock option grant dates so as to maximize profits to themselves at the expense of the Company. The original...

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