Stock option back dating marvell

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The announcement on Friday comes a week after the provider of data and voice-networking products revealed the regulator had opened a formal investigation into the matter.Black Box — which earlier this year disclosed that it would restate 15 years of earnings because of incorrectly priced stock options — also recently announced that Fred C.Further, a special committee recommended that president and chief executive officer Sehat Sutardja step down as chairman after finding that he participated in grants with incorrect measurement dates.The company is searching for three independent directors to fill existing vacancies, one of whom would become chairman, though Sutardja will remain a director.The Company has now said that its financial statements from June of 2000 to the present cannot be relied upon, and that it will be restating financial results.

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In after-hours trading, shares of Marvell Tech fell as low as .70.If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to this matter, please contact Roy L. More information on this and other class actions can be found on the Class Action Newsline at has received a subpoena from the Securities and Exchange Commission related to its stock-option practices.The company also said it would not file its annual report for the fiscal year ended March 31 on time. announced the resignation of its CFO and other management changes after completing an internal review of its stock-option practices.

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