Reyes

United States v. Reyes

Good Law
660 F.3d 454·2011 WL 4840664·2011 U.S. App. LEXIS 20721
United States Court of Appeals for the Ninth CircuitOctober 13, 201110-10323California6,482 words

Opinion

Opinion

Smith, J.

Defendant-Appellant Gregory Reyes, the former Chief Executive Officer of Brocade Communications (Brocade, or the Company), appeals his conviction in a second criminal trial for (1) securities fraud and making false filings with the Securities and Exchange Commission (SEC) in violation of 15 U.S.C. §§ 78j(b) and 78ff, and 17 C.F.R. § 240 .10b-5; (2) falsifying corporate books and records in violation of 15 U.S.C. §§ 78m(b)(2)(A) and 78ff, and 17 C.F.R. § 240 .13b2-l; and (3) making false statements to auditors in violation of 15 U.S.C. § 78ff and 17 C.F.R. § 240 .13b2-2. Reyes was previously convicted of violating these statutes, but we vacated that conviction because of prosecutorial misconduct, and remanded for a new trial. United States v. Reyes, 577 F.3d 1069 (9th Cir.2009). In this appeal, Reyes contends that his second conviction should also be vacated, and the case dismissed, because of (a) prosecutorial misconduct, (b) insufficient evidence of materiality to support his conviction, and (c) various evidentiary and instructional errors at trial. We affirm.

FACTUAL BACKGROUND

Backdated Stock Options

Brocade develops and sells data switches for networks. It became a…

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