Settlements and Verdicts

Marvell Settles Shareholder Class Action for $72 Million

A preliminary settlement has been approved in a securities class action filed in August 2007 against Marvell. The suit alleged that the company was backdating stock options.

The settlement is for a reported $72 million.

JUN-10-09: Marvell To Pay $72M To Settle Backdating Class Action [BARRON'S: MARVELL TO PAY $72 MILLION ]

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