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Cavium, Inc. (CAVM)

NASDAQ:CAVM

Summary

Faruqi & Faruqi, LLP Announces Filing of a Class Action Lawsuit Against Cavium, Inc.

Notice is hereby given that Faruqi & Faruqi, LLP has filed a class action lawsuit in the United States District Court for the Northern District of California, case No. 3:18-cv-00011, on behalf of shareholders of Cavium, Inc. (“Cavium” or the “Company”) (NASDAQ:CAVM) who have been harmed by Cavium’s and its board of directors’ (the “Board”) alleged violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) in connection with  the proposed merger of the Company with Marvell Technology Group Ltd. (“Marvell”).

On November 19, 2017, the Board caused the Company to enter into an Agreement and Plan of Merger (“Proposed Transaction”), under which the Company’s shareholders will stand to receive $40.00 in cash and 2.1757 shares of Marvell common stock for each share of Cavium stock they own (the “Merger Consideration”).

The complaint alleges that the Form S-4 Registration Statement (the “S-4”) filed with the Securities and Exchange Commission (“SEC”) on December 21, 2017, violates Sections 14(a) and 20(a) of the Exchange Act because it provides materially incomplete and misleading information about the Company and the Proposed Transaction, including information concerning the Company’s financial projections and analysis, on which the Board relied to recommend the Proposed Transaction as fair to Cavium shareholders.

Contact Counsel

Nadeem Faruqi
James M. Wilson, Jr.
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 01/22/2018

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