With Elizabeth Clough Kitslaar, Dennis Drapkin, Harold Gordon, David Porter, Robert Profusek, Louis Rorimer
With the filing of civil and criminal complaints last week against executives of Brocade Communications Systems, Inc., and the SEC’s adoption of new executive compensation disclosure rules on July 26, 2006 (which will require companies to disclose information about their option grant practices), the SEC and the Department of Justice have made it clear that the federal government is committed to exposing and eliminating fraud and criminal misconduct associated with the timing of stock option gran