The Securities and Exchange Commission has notified Marvell Technology and one of its top officers that it plans to sue over stock option backdating.
The semiconductor maker announced in SEC filings Friday that it received a Wells notice — a letter from the SEC announcing an intent to seek financial penalties — for the company itself. Weili Dai, the company’s ex-COO and current head of marketing and business development, also received one, the company said.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
