Defendant Name: Marvell Technology Group, Ltd.

Defendant Type: Public Company
SIC Code: 3674
CUSIP: 57387410

Initial Case Details

Legal Case Name SEC v. Marvell Technology Group, Ltd. and Weili Dai
First Document Date 08-May-2008
Initial Filing Format Civil Proceeding
Case Number 08-cv-02367
Allegation Type Issuer Reporting and Disclosure
Federal District Court California, Northern District of California

Violations Alleged

Exchange Act
• Sec 10(b) + Rule 10b-5
• Rule 12b-20
• Sec 13(a)
• Rule 13a-1
• Rule 13a-11
• Rule 13a-13
• Sec 13(b)(2)(A)
• Sec 13(b)(2)(B)
• Sec 14(a)
• Rule 14a-9
Securities Act
• Sec 17(a)(1)
• Sec 17(a)(2)
• Sec 17(a)(3)
• Sec 17(a) (Not specified)
Additionally, Weili Dai is alleged to have aided and abetted Marvell Technology Group, Ltd.'s violation of Rule 12b-20 of the Exchange Act.
Weili Dai is alleged to have aided and abetted Marvell Technology Group, Ltd.'s violation of Sec 13(a) of the Exchange Act.
Weili Dai is alleged to have aided and abetted Marvell Technology Group, Ltd.'s violation of Rule 13a-1 of the Exchange Act.
Weili Dai is alleged to have aided and abetted Marvell Technology Group, Ltd.'s violation of Rule 13a-11 of the Exchange Act.
Weili Dai is alleged to have aided and abetted Marvell Technology Group, Ltd.'s violation of Rule 13a-13 of the Exchange Act.
Weili Dai is alleged to have aided and abetted Marvell Technology Group, Ltd.'s violation of Sec 13(b)(2)(A) of the Exchange Act.

Resolutions

First Resolution Date 08-May-2008
Headline Total Penalty and Disgorgement $10,000,000

Related Documents:

comp20559 08-May-2008 Complaint
Complaint
The Commission stated: "From at least early 2001 through 2004, Marvell Technology Group, Ltd., a Santa Clara semiconductor company, engaged in a scheme to illegally backdate stock options granted to Marvell employees and executives, concealing hundreds of millions of dollars in expenses from the Company's shareholders."
LR-20559 08-May-2008 Press Release--Civil Action
SEC Charges Marvell Technology Group for Stock Option Backdating
On May 8, 2008, the SEC stated that: "[It] charged a Silicon Valley semiconductor company and its co-founder for reporting false financial information to investors by improperly backdating stock option grants to employees."
2008-82 08-May-2008 Press Release--Civil Action
SEC Charges Marvell Technology Group for Stock Option Backdating
On May 8, 2008, the SEC stated that: "[It] charged a Silicon Valley semiconductor company and its co-founder for reporting false financial information to investors by improperly backdating stock option grants to employees."
court_doc15_08-cv-02367 01-Jul-2008 Court Docket Document
Final Judgment as to Defendant Marvell Technology Group, Ltd.
The Court stated: "The Securities and Exchange Commission having filed a Complaint and Marvell Technology Group, Ltd. ("Defendant") having entered a general appearance; consented to the Court's jurisdiction over Defendant and the subject matter of this action; consented to entry of this Final Judgment without admitting or denying the allegations of the Complaint (except as to jurisdiction); waived findings of fact and conclusions of law; and waived any right to appeal from this Final Judgment."

Other Defendants in Action:

Weili Dai