BROCADE COMMS: Derivative Lawsuit Still Ongoing in Calif. Court

Brocade Communications Systems, Inc., since April 15, 2008, has been facing a derivative action filed in the U.S. District Court for the Northern District of California.

The complaint alleged that certain of the Company’s officers and directors breached their fiduciary duties…

BROCADE COMMS: Dismissal Bid of Derivative Case Filed on Oct. 6

Brocade Communications Systems, Inc. says that, on Oct. 6, 2008, defendants in a consolidated federal derivative action filed motions to dismiss the Special Litigation Committee’s (SLC) Second Amended Complaint, in which the Company opposed the defendants’ motions.

Beginning on or about…