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With the help of webcams people got an opportunity for distant communication by means of accessible web interfaces called a web chat or cam chat, or special software programs like Skype.

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  1. See Verified Derivative Complaint ¶ 1 ("VDC"); Docket Entry ("Dkt.") 1. After prolonged negotiations, the Company formed a Special Litigation Committee ("SLC"), which decided to take over litigation and pursue this matter on Brocade's behalf. The SAC named as defendants individuals who were not previously part of the derivative action and asserted additional claims under federal securities law. The instant opinion provides the full rationale upon which that order was based. Reyes was Brocade's Chief Executive Officer ("CEO") from July 1998 until January 2005, and served on the Board of Directors from July 1998 through April 2005. Reyes devised a scheme whereby he granted faulted stock options to employees, routinely approving grants as a "committee of one" for Brocade's Board. As a Board member, Reyes was involved in stock-option grants to officers and directors, including himself. Reyes also signed financial statements that later needed to be restated because they incorrectly reported Brocade's compensation-related expenses. Defendant Stephanie Jensen served as Brocade's Vice President of Human Resources ("HR") from October 1999 until February 2004. Jensen was responsible for Brocade's compensation and benefits programs, including stock options. Byrd was Brocade's Vice President and Chief Financial Officer ("CFO") from May 1999 until May 2001. Byrd then served as Brocade's Chief Operating Officer ("COO") and President from June 2001 until June 2003. Byrd knowingly participated in the faulted stock-option grant process, signed inaccurate financial statements, and received faulted options. Defendant Antonio Canova was Brocade's Vice President of Finance from November 2000 until November 2004, Vice President of Administration from November 2004 until December 2005, and CFO from May 2001 until December 2005. Canova was aware of and involved in the granting of faulted stock options. Canova signed inaccurate financial statements and received faulted options. Defendant Neal Dempsey was on Brocade's Board of Directors from December 1996 until April 2007. Dempsey was a member of the Board's Audit Committee from February 1998 through October 2004, and on the Compensation Committee from February 1998 through February 2007. Defendant Mark Leslie served on Brocade's Board from January 1999 until May 2002. Leslie was a member of the Audit Committee from June 2001 until May 2002 and a member of the Compensation Committee from March 1999 until August 2001. To apply tolling to this corporate Plaintiff would be an unwarranted extension of the doctrine's underlying principles, particularly where Brocade actively opposed this litigation for nearly two years before changing course. Here, Brocade has adequately alleged multiple instances of willful ignorance on Defendants' part, so the Caremark standard is met. On November 18, 2008, the Court granted preliminary approval of the settlement agreement. In order to avoid liability for the claims based upon breaches of fiduciary duties, Defendants Jensen and Bossi assert that they did not owe Brocade fiduciary duties because they were not officers.

  2. Una de las experiencias más divertidas que he tenido últimamente relacionada con mi trabajo ha sido participar en un artículo para la revista de las fiestas bonitas: All Lovely Party.