NEW YORK, Oct. 07, 2015 (GLOBE NEWSWIRE) -- The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Southern District of New York on behalf of investors who purchased Marvell Technology Group Ltd. (NASDAQ:MRVL) securities between November 20, 2014 and September 10, 2015.
Click here to learn about the case: http://docs.wongesq.com/MRVL-Info-Request-Form-927. There is no cost or obligation to you.
The complaint alleges that the Company made misleading statements and/or failed to disclose that: (a) Marvell had engaged in inappropriate revenue recognition practices; (b) the Company’s management permitted an inappropriate and ineffective control environment; (c) as a result, Marvell’s key accounting metrics were misstated; and (d) the Company lacked adequate controls at all relevant times.
On September 11, 2015, Marvell Technology announced it would delay filing its Form 10-Q reporting its financial results for the period ended August 1, 2015. The Company noted that an Audit Committee is conducting an independent investigation of certain accounting and internal control matters in the second quarter of fiscal 2016.
If you suffered a loss in Marvell Technology you have until November 10, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional information, contact Vincent Wong, Esq. either via email email@example.com, by telephone at 212.425.1140, or visit http://docs.wongesq.com/MRVL-Info-Request-Form-927.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Vincent Wong, Esq. 39 East Broadway Suite 304 New York, NY 10002 Tel. 212.425.1140 Fax. 866.699.3880 E-Mail: firstname.lastname@example.org
Source:The Law Offices of Vincent Wong