U.S. District Judge Ronald Whyte has approved a stock options backdating settlement with Marvell Technology Group Ltd. that involves no cash payments to the company.
The Northern District judge approved the substance of the deal on May 8 but delayed approving $16 million in attorneys 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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