The Shareholders Foundation announces that an investigation on behalf of investors of Marvell Technology Group Ltd. (NASDAQ:MRVL) shares was launched concerning potential securities laws violations by Marvell Technology Group in connection certain financial statements.
Investors who purchased shares of Marvell Technology Group Ltd. (NASDAQ:MRVL) have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Marvell Technology Group Ltd. (NASDAQ:MRVL) concerning whether a series of statements by Marvell Technology Group regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Marvell Technology Group Ltd. 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 April 7,2014 at $15.81 per share.
Those who purchased shares of certain Marvell Technology Group Ltd. (NASDAQ:MRVL) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com