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Robbins Geller Rudman & Dowd LLP Announces Notice of Pendency in Marvell Technology Group, Ltd. Class Action

The following statement is being issued by Robbins Geller Rudman & Dowd LLP regarding the Marvell Technology Group, Ltd. Class Action:

TO: ALL PERSONS AND ENTITIES WHO PURCHASED OR OTHERWISE ACQUIRED THE COMMON STOCK OF MARVELL TECHNOLOGY GROUP, LTD. DURING THE PERIOD FROM FEBRUARY 19, 2015 THROUGH DECEMBER 7, 2015, INCLUSIVE

PLEASE READ THIS NOTICE CAREFULLY AND IN ITS ENTIRETY. YOUR RIGHTS MAY BE AFFECTED BY A CLASS ACTION LAWSUIT PENDING IN THIS COURT.

YOU ARE HEREBY NOTIFIED, pursuant to a Court Order dated October 27, 2017, that a Class has been certified in a class action entitled Luna v. Marvell Technology Group, Ltd., et al., No. 3:15-cv-05447-WHA (the “Action”), which is now pending before the United States District Court for the Northern District of California (the “Court”).

The Action is brought on behalf of all persons and entities who purchased shares of Marvell Technology Group, Ltd. (“Marvell”) common stock during the period from February 19, 2015 through December 7, 2015, inclusive (the “Class”). Lead Plaintiff, on behalf of the Class, alleges that Defendants made false and misleading statements and/or failed to disclose adverse information regarding Marvell’s business, operations and prospects, including that Marvell reported revenue and earnings during the Class Period that were misleading as a result of undisclosed pull-in sales.

Defendants deny any wrongdoing or having violated any provisions of the 1934 Act.

The Court has certified the following Class of plaintiffs:

All persons and entities who purchased or otherwise acquired the common stock of Marvell Technology Group, Ltd.. (“Marvell” or the “Company”) during the period from February 19, 2015 through December 7, 2015, inclusive (the “Class Period”), and were damaged thereby. Excluded from the Class are investors who sold all of their shares prior to September 11, 2015, and Defendants, present or former executive officers of Marvell and their immediate family members (as defined in 17 C.F.R. §229.404, Instructions (1)(a)(iii) and (1)(b)(ii)).

On December 4, 2017, a Notice of Pendency of Class Action (the “Notice”) was mailed to persons who purchased or otherwise acquired Marvell common stock during the Class Period, as reflected on the books and records of Marvell and its transfer agent. The Notice contains important information regarding the rights of Class members, including the right to seek exclusion from the Class and the deadline for doing so. If you believe you are a member of the Class as defined above, and if you have not received a copy of the Notice by mail, you are urged to request a copy free of charge by mailing your request to Luna v. Marvell Technology Group Ltd, et al., c/o Gilardi & Co. LLC, Post Office Box 404041, Louisville, KY 40233-4041. You may also download a copy of the Notice at www.MarvellSecuritiesClassAction.com.

Questions may also be directed to:
SCOTT H. SAHAM
ROBBINS GELLER RUDMAN & DOWD LLP
655 West Broadway, Suite 1900
San Diego, California 92101

Contacts:

Robbins Geller Rudman & Dowd LLP
Shareholder Relations
Rick Nelson
1-800-449-4900

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