Dell To Pay $100M, CEO $4M In SEC Securities Probe

Law360, New York (July 22, 2010, 6:46 PM EDT) -- Dell Inc. has reached a $100 million settlement with the U.S. Securities and Exchange Commission to resolve accusations of concealing payments it received from Intel Corp. in exchange for buying exclusively from Intel, a scheme that has landed Intel in hot water in a separate antitrust probe.

The SEC announced the settlement Thursday, lodging a simultaneous complaint in the U.S. District Court for the District of Columbia outlining a swath of alleged securities violations against Dell, its chairman and CEO Michael Dell, former CEO Kevin Rollins,...
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