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Thursday, April 25, 2024 | Back issues
Courthouse News Service Courthouse News Service

Marvell Group Fined $10 Million

SAN JOSE (CN) - Marvell Technology Group will pay $10 million and its CEO Weili Dai $500,000 to settle an SEC complaint that the Silicon Valley semiconductor company backdated stock options and juggled the books to hide it - overstating corporate income by $362 million from fiscal years 2000 through 2006.

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