Roundup: Brocade conviction thrown out, Facebook / iTunes rumor, Tesla founder drops lawsuit

Here’s the latest action:

Brocade back-dating case will go back to court — The conviction of former Brocade Communications Systems CEO Gregory Reyes was overturned on Tuesday by a federal appeals court. Prosecutors had told the jury that Brocade’s finance department was unaware of the bookkeeping errors for Reyes’ shares. This turned out to be untrue. The New York Times has a lengthy recap of the case, the first major conviction of a corporate executive for a practice many in Silicon Valley feel is an honest means of compensating employees.

[Photo by AP]

iTunes and Facebook spotted working together — This screenshot sent to Boy Genius Report shows a user’s iTunes playlist appearing on his or her Facebook wall. It’s likely to be an enthusiast’s hack rather than a formal integration. Apple has notably stayed away from the Twitter and Facebook integration most companies rushed into long ago.

Tesla Motors founder drops his lawsuit against his replacement — The embarrassing-to-watch spitfight between electric car inventor Martin Eberhard and entrepreneur Elon Musk is finally over. Eberhard, whose battery-powered sports car was delayed by production problems and slammed by cost overruns, filed what seemed a pretty bitter lawsuit against Tesla this summer after he was ousted from the CEO role and replaced by Musk. TechCrunch recounts the tale.

Spotify fans create Android app, run into record companies’ roadblocks — Droidify, an Android app that connected to the popular Spotify music streaming service available in Europe, was shut down within hours after a representative from Spotify contacted Droidify’s developers to explain that it was in violation of Spotify’s contracts with European music labels.

Flickr deletes Obama parody, making it even more popular than before — The LA Times confirms that Flickr removed college student Firas Alkhateeb’s startling reworking of a TIME cover “due to copyright-infringement concerns.” Another mash-up artist has put up posters of the image around Los Angeles.

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