Federal Circuit Vacates Judgment in Carnegie Mellon University v. Marvell Technology Group Ltd.

Aug 04, 2015, 11:30 ET from Marvell

SANTA CLARA, Calif., Aug. 4, 2015 /PRNewswire/ -- (NASDAQ: MRVL) Marvell is pleased to report that the Federal Circuit has vacated the judgment in favor of Carnegie Mellon University, reducing the award by more than $1.25 billion and ordering a partial retrial on the location of sales of chips made and shipped abroad. The company is studying the specifics of the opinion carefully to determine its future options.

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