MARVELL TECHNOLOGY ALERT: National Securities Law Firm Announces Filing of Lawsuit on behalf of Marvell Technology to Recover Losses, and Encourages Investors to Contact Law Firm for More Information
September 14, 2015
New York, New York
Tripp Levy PLLC, a leading national securities law firm, announces that a class action lawsuit has been filed against Marvell Technology Group, Ltd. (“Marvell” or the “Company”) (NASDAQ: MRVL) and certain of its officers. The class action, filed in United States District Court for the Southern District of New York, is on behalf of a class consisting of all persons or entities who purchased Marvell securities between November 20, 2014 and September 10, 2015 inclusive (the “Class Period”).
The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Marvell had engaged in inappropriate revenue recognition practices; (2) the Company’s management permitted an inappropriate and ineffective control environment; (3) as a result, Marvell’s key accounting metrics were misstated; (4) that the Company lacked adequate controls at all relevant times; (5) and as a result of the foregoing, Defendants’ statements about Marvell’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
If you purchased shares of Marvell during the Class Period and have suffered a loss from your investment in Marvell common stock and would like to learn more about this lawsuit, including your ability to potentially recover your losses, please contact us toll free at 1-800-511-7037 or contact us via our website or go to Participate in an Action.
Tripp Levy PLLC is a leading national securities and shareholder rights law firm representing both individual and institutional shareholders and, along with its affiliate, have recovered billions of dollars for shareholders. Tripp Levy PLLC is affiliated with Milberg LLP. The National Law Journal has named Milberg one of the “50 Elite Trial Lawyer Firms” and one of the “50 Leading Plaintiff Firms in America.”
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