Monday, June 8, 2009

Marvell Settles Shareholder Class Action Lawsuit for $72 Million

Marvell Technology Group reached an agreement to resolve a shareholder class action lawsuit filed on August 16, 2007 against Marvell and certain of its former and current officers and directors relating to Marvell's historic stock option granting practices. The settlement provides for a payment by Marvell to the class of $72 million.

See also