Block & Leviton LLP Announces That Marvell Technology Group Ltd. Outside Auditor Resigns While Shareholder Class Actions Pending

BOSTON, Oct. 27, 2015 /PRNewswire/ -- Pricewaterhouse Coppers LLP ("PwC") resigned yesterday as the outside auditor to Marvell Technology Group, Ltd., ("Marvell" or the "Company") (Nasdaq:  MRVL).  PwC's resignation comes a little more than a month after Marvell disclosed an internal investigation into its accounting.  In its resignation, PwC questioned whether Marvell's senior management set a "tone for effective control."  In early morning trading today Marvell's stock price fell 17% to $7.81 per share. 

Block & Leviton LLP has commenced a securities class action against Marvell and certain Directors for investors who purchased Marvell stock between November 20, 2014 and September 10, 2015.  The case is captioned Farno v. Marvell Technology Group, Ltd. case number 1:15-cv-07300.  The action may be amended to include purchasers through October 26, 2015.

If you purchased or otherwise acquired Marvell securities between November 20, 2014 and September 10, 2015 you may seek to be a lead plaintiff of the Class and you have until November 10, 2015 to file your motion.  If you are interested in becoming a lead plaintiff, or have questions about your legal rights, would like a copy of the Complaint or if you possess information relevant to this litigation, please contact attorney Steven P. Harte of Block & Leviton LLP at (617) 398-5600 or email him at [email protected].  You may also retain counsel of your own choosing. Confidentiality to whistleblowers or others with information relevant to the lawsuit is assured.

Block & Leviton represents investors for violations of securities laws as well as whistleblowing employees who provide information about their employers' violations of law throughout the country.  The firm's lawyers have collectively been prosecuting securities cases for over 70 years, have recovered billions of dollars for investors and represent some of the nation's largest institutional investors.

Contact: BLOCK & LEVITON LLP
Steven P. Harte, Esq.
(617) 398-5600
155 Federal Street
Boston, MA 02110
[email protected]

SOURCE Block & Leviton LLP

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