Dell Investors Sue Over CEO Proxy Statements In $24B Buyout

Law360, New York (May 30, 2013, 3:18 PM EDT) -- A group of Dell Inc. shareholders Thursday hit the tech giant with a putative class action alleging the company, its CEO Michael Dell and others have disseminated false and misleading information in connection with a proposed $24.4 billion acquisition of the company.

The plaintiffs, an individual shareholder and a pension fund, say Michael Dell’s failed management choices led to significant losses for the company and a resulting decrease in the company’s stock price.

“[Michael] Dell is now attempting to take advantage of the company’s distressed stock...
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