NEW YORK, Oct. 12, 2015 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:

To: All persons or entities who purchased or otherwise acquired securities of Marvell Technology Group Ltd. (“Marvell Technology”) (NASDAQ:MRVL) between November 20, 2014 and September 10, 2015.           

You are hereby notified that a securities class action lawsuit has been commenced in the USDC for the Southern District of New York. If you purchased or otherwise acquired Marvell securities between November 20, 2014 and September 10, 2015, your rights may be affected by this action. To get more information go to:

http://zlk.9nl.com/marvell-technology-mrvl

or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

The complaint alleges that the Company made misleading statements and/or failed to disclose that: (a) Marvell had engaged in inappropriate revenue recognition practices; (b) the Company’s management permitted an inappropriate and ineffective control environment; (c) as a result, Marvell’s key accounting metrics were misstated; and (d) the Company lacked adequate controls at all relevant times.

On September 11, 2015, Marvell Technology announced it would delay filing its Form 10-Q reporting its financial results for the period ended August 1, 2015. The Company noted that an Audit Committee is conducting an independent investigation of certain accounting and internal control matters in the second quarter of fiscal 2016.

If you suffered a loss in Marvell Technology you have until November 10, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.

 

CONTACT:    
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
30 Broad Street - 24th Floor 
New York, NY 10004            
Tel: (212) 363-7500
Toll Free:  (877) 363-5972
Fax: (212) 363-7171
www.zlk.com

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