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High Tech News

Brocade Exec Guilty in Stock Option Case

Wednesday, December 05, 2007 9:48:31 PM
By JORDAN ROBERTSON

 Stephanie Jensen, former vice president of human resources of Brocade Communications Systems Inc., leaves a federal courthouse in San Francisco in this file photo from Wednesday, Aug. 2, 2006. Jensen, who worked at Brocade from 1999 to 2004, was convicted Wednesday, Dec. 5, 2007, of conspiracy and falsifying corporate records.  (AP Photo/Paul Sakuma, file)SAN FRANCISCO (AP) - The former vice president of human resources at Brocade Communications Systems Inc. was convicted Wednesday in the company's second criminal stock options backdating case to go to trial.

After deliberating for one day, a federal jury in San Francisco found Stephanie Jensen guilty of conspiracy and falsifying corporate records, the only charges she faced.

Jensen, who wiped away tears as the verdict was read, is to be sentenced March 12. She faces up to 20 years in prison, prosecutors said.


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