Dai was forced to step down as executive vice president, chief operating officer, and a director but allowed to continue with the company in a non-management position.In the latest twist in the long-running options backdating saga, and in what appears to be a significant milestone in the options backdating-related gatekeeper claims, on June 15, 2009, Vitesse Semiconductor announced (here) that it had reached a settlement with its former auditor, KPMG LLP, in connection with the option backdating related allegations. On June 9, 2009, Marvell Technology announced (here) that it has reached an agreement to settle the case for a payment … La Croix is an attorney and Executive Vice President, RT Pro Exec, a division of R-T Specialty, LLC.her fourth consecutive year on Forbes list of "The World's Most Powerful Women." On Aug. Dai received a Gold recognition for "Technology Executive of the Year" from the 2015 International Best in Biz Awards.to the Securities and Exchange Commission over charges of false financial information to investors by improperly backdating stock option grants to employees, totaling million and 0,000 respectively.Dai served as chief operating officer, executive vice president, and general manager of the Communications Business Group at Marvell.She was corporate secretary of the board and currently serves as a director of the board at Marvell Technology Group Ltd.
You can get an early look at this new container-native data platform at Reduxio’s booth at Kube Con-Barcelona May 20th - 23rd.The company had to ultimately restate its financial statements from the company’s 2000 initial public offering through the first quarter of the 2007 financial year.For the period covered by the restatement, Marvell had understated the cumulative effect of its compensation expense by 7.3 million and overstated net income by 9.4 million.It's not just about developing 'nerdy' stuff it's about turning technology into fashionable and user-friendly smart solutions.A woman's natural talent is design, and the look and feel, and making these things fit into our lifestyles.
There is still a raft of unresolved options backdating cases out there, but at least one of the remaining options backdating related securities class action lawsuits has now been settled.