Marvell Technology Group Ltd. shares were halted in the extended session Wednesday just before the semiconductor company said it had settled a patent infringement lawsuit with Carnegie Mellon University. Marvell shares were halted at $9.30. The company said it settled with Carnegie Mellon for $750 million with no ongoing royalty payments. Marvell noted the university had been awarded $1.54 billion back in 2012, and that as of Jan. 30, it had more than $2.3 billion in cash and short-term investments and $388 million in litigation reserves.
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