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 mail@shareholdersfoundation.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 tarnished.
Those who purchased shares of Marvell Technology Group Ltd. have certain options and should contact the Shareholders Foundation, Inc. by e-mail at mail@shareholdersfoundation.com 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.