In Re Brocade Communications Systems, Inc. Derivative Litigation
District Court, N.D. California
This document relates to ALL ACTIONS.
1Opinion of the Court
ORDER ON MOTIONS TO DISMISS
CHARLES R. BREYER, District Judge.
I. Introduction
This matter began as a shareholders’ derivative action brought on behalf of Brocade Communications Systems, Inc. (“Brocade” or the “Company”) against certain of its former officers and directors. Defendants were allegedly involved in a scheme to manipulate stock option grant dates so as to maximize profits to themselves at the expense of the Company. The original shareholder plaintiffs asserted violations of state law, including breaches of fiduciary duties and unjust enrichment. See Verified Derivative Complaint ¶ 1…
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