INVESTOR ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Marvell Technology Group Ltd. of Pendency of Class Action Lawsu...
November 05 2015 - 2:15PM
Business Wire
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 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. Then on October 26, 2015, the Company’s independent
auditor resigned.
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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20151105006578/en/
Levi & Korsinsky, LLPJoseph E. Levi, Esq., 212-363-7500Toll
Free: 877-363-5972Fax: 212-363-7171www.zlk.com
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