Another first for former Brocade Communications Systems CEO Greg Reyes. He was the first Silicon Valley CEO to be indicted on federal charges in the options backdating scandal of a few years ago and the first to be found guilty. And on Tuesday, he became the first to have his conviction overturned.
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It took five minutes for the jury in Virgin Records America et al. v. Thomas to find Jammie Thomas guilty of illegally downloading and sharing 24 songs over the Kazaa file-sharing network. But it took five hours for it to determine damages.
This according to juror Michael Hegg, who tells Wired that one of his impaneled [...]
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Alcatel-Lucent’s astonishing $1.52 billion jury verdict against Microsoft would have done much to bolster the company’s sagging fortunes. But the Franco-American telecommunications equipment maker is going to have to look elsewhere for financial solace.
Finding that a jury’s decision was “against the clear weight of the evidence,” a federal judge yesterday overturned the February verdict that [...]
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