Santa Clara, California (November 29, 2010) – Marvell (Nasdaq: MRVL), a worldwide leader in integrated silicon solutions, today announced that a Santa Clara Superior Court Jury in California found in its favor, rejecting misappropriation of trade secrets allegations brought on behalf of Jasmine Networks, Inc. The jury unanimously found that Marvell did not use or acquire any Jasmine trade secrets and did not violate any nondisclosure agreements.
"We have always maintained that the claims asserted by Jasmine were completely unfounded, baseless, and untrue and therefore we fought for almost a decade to defend our integrity and reputation. The jury's verdict is a total vindication of Marvell's position," said Sehat Sutardja, Chairman, President and CEO of Marvell. "Marvell will always stand up for the principles and standards by which we do business no matter how long it takes to prevail. I'm pleased to have this protracted litigation behind us so that we can continue to focus our energies on what we do best – designing and delivering the world's most innovative semiconductor products."
"Marvell refused to settle the case at any price, confident that the California justice system would eventually vindicate Marvell and its employees," said Jim Laufman, Vice President and General Counsel of Marvell. "Marvell would like to thank the jury for its diligence, serving faithfully since late September."
Santa Clara County Superior Court Judge William J. Elfving presided over the case. Marvell is represented by Latham & Watkins, LLP.
Marvell is a world leader in the development of storage, communications, and consumer silicon solutions. Marvell's diverse product portfolio includes switching, transceiver, communications controller, wireless, and storage solutions that power the entire communications infrastructure including enterprise, metro, home, and storage networking. As used in this release, the term "Marvell" refers to Marvell Technology Group Ltd. and its subsidiaries. For more information, visit Marvell.com.
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