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Marvell Technology Group Ltd. (NASDAQ:MRVL) Investor Investigation Concerning Potential Breaches Of Fiduciary Duties Announced

  • if you are a current long term stockholder in Marvell Technology Group Ltd. (NASDAQ:MRVL) shares, you have certain options and you should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Investigation Overview

Company
Marvell Technology Group
Security
NASDAQ: MRVL

Summary

November 29, 2013 (Shareholders Foundation) - An investigation on behalf of investors in NASDAQ:MRVL shares was announced over potential breaches of fiduciary duties by certain officers and directors at Marvell Technology Group Ltd.

The investigation by a law firm concerns whether certain Marvell Technology Group officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

Marvell Technology Group Ltd. (NASDAQ:MRVL) reported that its Total Revenue declined from over $3.61 billion for the 52 weeks period that ended on Jan. 29, 2011 to over $3.16 billion for the 53 weeks period that ended on Feb. 2, 2013 and that its respective Net Income decreased from $904.13 million to $306.58 million.

Shares of Marvell Technology Group Ltd. (NASDAQ:MRVL) closed on Nov. 29, 2013 at $14.23 per share.

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