Marvell Execs Sue Goldman Over Alleged $100M Fraud

Law360, New York (April 12, 2011, 3:15 PM EDT) -- The husband-and-wife co-founders of Marvell Technology Group Ltd. hit Goldman Sachs Group Inc. with a lawsuit in California on Monday, claiming the Wall Street giant bilked them of more than $100 million through a bogus margin call.

Sehat Sutardja and Weili Dai allege that in 2008, at the height of the financial crisis, Goldman Sachs told them they needed to sell a large portion of their stock in Marvell, claiming a U.S. Securities and Exchange Commission rule mandated the margin call, when, in fact, no such...
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