LOS ANGELES--(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 firstname.lastname@example.org.
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.
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