The feds have fired their first official salvo in the stock-options backdating scandal, filing criminal and civil charges against executives at San Jose's Brocade Communications Inc. on Thursday. What does this portend for other companies caught up in the situation?
For one thing, the government is making it clear that it takes backdating extremely seriously.
"It's not every day that you see the chairman of the Securities and Exchange Commission travel 3,000 miles to be present at a press conference," said John Coffee, a law professor at Columbia University and director of its Center on Corporate Governance.
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