NEW YORK, Sept. 25, 2015 /PRNewswire/ -- The following
statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise
acquired securities of Marvell Technology Group Ltd.
("Marvell Technology") (NASDAQGS: MRVL) between November 20, 2014 and September 10,
2015.
You are hereby notified that a securities class action
lawsuit has been commenced in the USDC for the Southern District of
New York. If you purchased or
otherwise acquired Marvell Technology securities between
November 20, 2014 and September 10, 2015, your rights may be affected
by this action. To get more information go to:
http://zlk.9nl.com/marvell-technology-mrvl
or contact Joseph E. Levi, Esq.
either via email at jlevi@zlk.com or by telephone at (212)
363-7500, toll-free: (877) 363-5972. There is no cost or
obligation to you.
The complaint alleges that the Company made misleading
statements and/or failed to disclose that: (a) Marvell had engaged
in inappropriate revenue recognition practices; (b) the Company's
management permitted an inappropriate and ineffective control
environment; (c) as a result, Marvell's key accounting metrics were
misstated; and (d) the Company lacked adequate controls at all
relevant times.
On September 11, 2015, Marvell
Technology announced it would delay filing its Form 10-Q reporting
its financial results for the period ended August 1, 2015. The Company noted that an Audit
Committee is conducting an independent investigation of certain
accounting and internal control matters in the second quarter of
fiscal 2016.
If you suffered a loss in Marvell Technology you have until
November 10, 2015 to request that
the Court appoint you as lead plaintiff. Your ability to share in
any recovery doesn't require that you serve as a lead
plaintiff.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. Attorney advertising. Prior
results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
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SOURCE Levi & Korsinsky, LLP