News that Marvell Semiconductor Inc. fired its general counsel, Matthew Gloss, came Monday as part of a press release packed with several demotions and departures because of stock-option backdating at the company.
But it remains unclear whether Gloss was terminated directly because of his involvement in backdating — or because of something else. The Santa Clara, Calif.-based semiconductor company noted that Gloss and others “bear varying degrees of responsibility” for “the systemic failure of internal controls” over stock option grants at the company. An attorney for Gloss said his client’s firing was not related to backdating, but declined to say more.
This content has been archived.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]