Under the agreement, Brocade will pay a combination of $18.50 of cash plus 0.0907 shares of Brocade common stock in exchange for each share of Foundry common stock, representing a total value of $19.25 (based on Brocade’s closing …
byGina Narcisi on October 10, 2017, 5:10 pm EDT Twenty of the publicly held channel companies on our watch list saw the price of their stock increase in the third quarter of 2017 while only six recorded stock price declines. See who was …
CRN12d
(Reuters) - Network gear maker Brocade Communications Systems Inc said on Monday it would buy Ruckus Wireless Inc in a cash and stock deal worth about $1.5 billion to add Ruckus's Wi-Fi products to its enterprise networking business. …
Brocade Communications Systems Inc. has agreed to pay $160 million to settle a class action over stock options backdating in the biggest such settlement so far in a series of similar cases against other corporations. It must still be …
SAN FRANCISCO — The former chief executive of Brocade Communications Systems Inc. was charged on Thursday with fraud, the first criminal complaint in a stock options probe that involves more than 55 U.S. companies. Gregory L. …
Former Brocade Communications Systems brcd CEO Gregory Reyes was convicted Tuesday of defrauding investors in a stock options backdating scheme. The guilty verdict on all counts is an important validation of the Justice Department's …
In the Brocade case, prosecutors presented evidence that Mr. Reyes intentionally misled shareholders with a “systemic practice of cherry-picking stock prices” to build in gains for employees. During the trial, a former human resources …
This just in: Brocade Communications has agreed to pay $160 million to plaintiffs to settle a federal securities class-action lawsuit related to stock-options backdating. Here’s the story, from the WSJ’s Mark Maremont and John Hechinger, as …