Federal Circuit Vacates Judgment in Carnegie Mellon University v. Marvell Technology Group Ltd.
August 04 2015 - 11:50AM
PR Newswire (US)
SANTA CLARA, Calif.,
Aug. 4, 2015 /PRNewswire/ -- (NASDAQ:
MRVL) Marvell is pleased to report that the Federal Circuit has
vacated the judgment in favor of Carnegie
Mellon University, reducing the award by more than
$1.25 billion and ordering a partial
retrial on the location of sales of chips made and shipped
abroad. The company is studying the specifics of the opinion
carefully to determine its future options.
Forward-Looking Statements under the Private Securities
Litigation Reform Act of 1995
This press release contains forward-looking statements within
the meaning of the federal securities laws that involve risks and
uncertainties, including Marvell's expectations and statements
regarding future activities in connection with the litigation with
Carnegie Mellon University. These
statements are not guarantees of results and should not be
considered as an indication of future activity or future
performance.
Marvell® and the Marvell logo are registered trademarks of
Marvell and/or its affiliates.
For further
information, contact:
|
|
John Spencer
Ahn
|
Sue Kim
|
Investor
Relations
|
Media
Relations
|
408-222-7544
|
408-222-1942
|
johnahn@marvell.com
|
suekim@marvell.com
|
Logo -
http://photos.prnewswire.com/prnh/20100719/SF36559LOGO-b
SOURCE Marvell
Copyright 2015 PR Newswire
Marvell Technology (NASDAQ:MRVL)
Historical Stock Chart
From Mar 2024 to Apr 2024
Marvell Technology (NASDAQ:MRVL)
Historical Stock Chart
From Apr 2023 to Apr 2024