Lawsuit on Behalf of Investors in Marvell Technology Group Ltd. (MRVL)
Announced by Shareholders Foundation
SAN DIEGO, April 23, 2014 (GLOBE NEWSWIRE) -- The Shareholders Foundation,
Inc. announces that a lawsuit was filed by a current investor in shares of
Marvell Technology Group Ltd. (MRVL) over alleged breaches of fiduciary duties
by certain officers and directors.
If you are a current long-term investor in shares of Marvell Technology Group
Ltd. (MRVL), you have certain options and you should contact the Shareholders
Foundation at email@example.com or call +1(858) 779 - 1554.
In March 2014 Marvell Technology Group Ltd. lost a $1.54 billion lawsuit
alleging it infringed a patent owned by Carnegie Mellon University. The
plaintiff claims that the defendants allegedly willfully harmed Marvell
Technology Group Ltd. by refusing to license the patent from Carnegie Mellon
University and that the company's leadership knew they were infringing
Carnegie Mellon University's patent which cost Marvell Technology Group Ltd
billions in damages and at least $300 million in litigation costs.
The plaintiff alleges that in addition to the millions of dollars in costs and
fees due to defending itself in the Carnegie Mellon University litigation the
company's good will and reputation have been materially undermined and
Those who purchased shares of Marvell Technology Group Ltd. have certain
options and should contact the Shareholders Foundation, Inc. by e-mail at
firstname.lastname@example.org or call +1 (858) 779-1554.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring
and a settlement claim filing service, which does research related to
shareholder issues and informs investors of securities class actions,
settlements, judgments, and other legal related news to the stock/financial
market. The Shareholders Foundation, Inc. is not a law firm. The information
is provided as a public service. It is not intended as legal advice and should
not be relied upon.
CONTACT: Shareholders Foundation, Inc.
+1 (858) 779-1554
3111 Camino Del Rio North
San Diego, CA 92108
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