Chipmaker Marvell Technology Group Ltd. will pay $72 million to settle a shareholder lawsuit. It appears the company has settled the final outstanding shareholder lawsuit related to its past stock option-granting practices. The settlement is subject to approval by the U.S. District Court for the Northern District of California. If given final approval, it appears that the settlement, along with the previously announced settlement of a derivative lawsuit, would put an end to all shareholder litigation involving Marvell and its stock option practices.
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