Shareholder Notice: Lundin Law PC Announces Ongoing Investigation of Marvell Technology Group Ltd. & Strongly Advises Shareho...
November 03 2015 - 8:36PM
Business Wire
Lundin Law PC announces it is investigating claims against
Marvell Technology Group Ltd. (“Marvell” or the “Company”) (Nasdaq:
MRVL) concerning possible violations of federal securities laws
between November 20, 2014 and September 10, 2015. The investigation
is related to allegations that certain statements issued by Marvell
were false and misleading concerning the Company’s financial
performance.
To join this class action lawsuit, please contact Brian Lundin,
Esquire, of Lundin Law PC, at 888-713-1033, or via email at
brian@lundinlawpc.com.
The investigation will focus on Marvell’s September 11, 2015
announcement that it was performing an internal investigation of
certain accounting and internal control issues. Marvell claimed
that the investigation comprises a review of certain revenue
recognition issues in the second quarter of fiscal 2016. Then, on
October 26, 2015, Marvell announced that Pricewaterhouse Coopers
LLP (“PwC”) had resigned as its outside auditor. PwC questioned
whether the Company’s management had set a “tone for effective
control” in its resignation. When the truth reached the investing
public, shares dropped sharply causing investors harm.
No class has been certified in the above action. Until a class
is certified, you are not considered represented by an attorney.
You may also choose to do nothing and be an absent class
member.
Lundin Law PC was created by Brian Lundin, a securities
litigator based in Los Angeles.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20151103007072/en/
Lundin Law PCBrian Lundin, Esq.Telephone: 888-713-1033Facsimile:
888-713-1125brian@lundinlaw.com
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