Defendant Name:
Marvell Technology Group, Ltd.
Defendant Type:
Public Company
Document Reference:
LR-20559
Document Details
Legal Case Name
SEC v. Marvell Technology Group, Ltd. and Weili Dai
Document Name
SEC Charges Marvell Technology Group for Stock Option Backdating
Document Date
08-May-2008
Document Format
Civil Proceeding
Case Number
08-cv-02367
Federal District Court
California, Northern District of California
Allegation Type
Issuer Reporting and Disclosure
Document Summary
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."
Disgorgement & Penalty Information
Monetary Penalties:
Civil Penalty
Individual:
$10,000,000.00
Shared:
Other Defendants in Action: