International Rectifier Corporation intends to move for dismissal a partial derivative lawsuit captioned Mayers v. Lidow, No. BC395652, filed on Aug. 1, 2008, in the Superior Court of the State of California for the County of Los Angeles, the Company…
Marvell Technology Group Inc. awaits the final approval of the tentative settlement entered by the parties in two consolidated shareholder derivative actions in the U.S. District Court for the Northern District of California.
On March 5, 2008, the parties entered into…
International Rectifier Corporation is cooperating fully with investigators from the Securities and Exchange Commission Division of Enforcement, the Internal Revenue Service (IRS) and the U.S. Attorneys’ Office in matters relating to the Audit Committee-led Investigation into the Company’s accounting practices…
Marvell Technology Group Inc. accrued a US$10 million civil penalty in the first quarter of fiscal 2009 relating to the U.S. Securities and Exchange Commission’s formal investigation on the Company’s historical stock option granting practices.
The Company paid the penalty…
The lawsuit filed by Jasmine Networks Inc. against Marvell Technology Group Inc. and several of its officers in the Santa Clara County Superior Court is ongoing.
In the suit, filed on Sept. 12, 2001, Jasmine Networks alleges claims against the…
Marvell Technology Group Ltd., as a nominal defendant, continues to face a shareholder’s complaint in the District Court for the Western District of Washington.
On Oct. 9, 2007, a purported Marvell shareholder filed a complaint for violation of Section 16(b) of…
The suit filed by Telstra Corporation Limited against Telecom Corporation of New Zealand Limited’s subsidiary, PowerTel Limited, is still ongoing in the High Court of Australia.
Telstra is the principal supplier to the Company’s Australian operations.
Telstra is seeking a statement…