Company News for December 27, 2012

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Thu, Dec 27, 2012, 8:33 AM

• Marvell Technology Group Ltd. (NASDAQ:MRVL) plunged 10.3% after the verdict in a patent infringement case went against the firm. The case was filed by Carnegie Mellon University who will receive around $1.17 billion from Marvell

• Shares of Zynga Inc. (NASDAQ:ZNGA) surged 2.6% following news that the online gaming site will soon be introducing its real time online money gaming platform in the United Kingdom

• Herbalife Ltd. (NYSE:HLF) gained 5.2% on Wednesday after it announced it had hired law firm Boies, Schiller & Flexner LLP as its new strategic adviser

• Shares of Medifast, Inc. (NYSE:MED) dropped 13.1% after it announced that its acting CFO, Edward J. Powers will resign from the company on 4th January, 2013

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Company News for December 27, 2012

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