Defendant Name: Marvell Technology Group, Ltd.

Defendant Type: Public Company

Document Reference: 2008-82

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
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

Resolutions
Injunction
Monetary Penalties:

Civil Penalty

Individual:     $10,000,000.00 Shared:    

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."
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