Dell Agrees To Pay $21M To Settle Shareholder Class Action Lawsuit

Mealey's (September 17, 2019, 2:30 PM EDT) -- AUSTIN, Texas — Dell Inc. will pay $21 million to settle claims that the global information technology company and certain of its senior executives violated federal securities laws by misrepresenting Dell’s international business growth and concealed a drop in demand for its PC product line, according to a lead plaintiff’s settlement agreement filed Sept. 16 in Texas federal court (City of Pontiac General Employees’ Retirement System v. Dell Inc., et al., No. 15-374, W.D. Texas)....