A federal judge in California has approved a stock options backdating settlement with Marvell Technology Group Ltd. that involves no cash payments to the company.
U.S. District Judge Ronald M. Whyte in San Jose approved the substance of the deal on May 8 but delayed approving $16 million in attorney fees to be paid to the two plaintiffs firms, Coughlin Stoia Geller Rudman & Robbins of San Diego and Scott & Scott, which is based in Colchester, Conn.
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