OREANDA-NEWS. Marvell Technology Group Ltd. (Nasdaq: MRVL) today announced that the Company has received written notification from Nasdaq that, following Marvell's hearing before The Nasdaq Hearings Panel on April 14, 2016, it has granted the Company an extension of time to September 6, 2016 to regain compliance with continued listing requirements.  Until that time, shares of Marvell stock will remain listed on The Nasdaq Stock Market. 

On February 22, 2016, the Audit Committee approved the engagement of Deloitte & Touche LLP as the Company's new independent public accounting firm.  On March 1, 2016, the Company reported the results of the Audit Committee's independent investigation of certain accounting and internal control matters.  With these two key matters completed, the Company is working diligently to complete the preparation and filing of its Annual Report on Form 10-K for fiscal 2016 and its Quarterly Reports on Form 10-Q for the second and third quarters of fiscal 2016 as soon as practicable.