On Heels Of Dell Federal Inquiry, Lerach Files Suit

Law360, New York (September 13, 2006, 12:00 AM EDT) -- In the wake of a broadening federal inquiry into Dell Inc.’s financial reporting procedures, Lerach Coughlin Stoia Geller Rudman & Robbins LLP has initiated a securities class action lawsuit accusing the world’s largest computer maker of artificially inflating its stock prices in a bid to “camouflage” its declining market share and sales growth.

The lawsuit, filed on Tuesday in the U.S. District Court for the Western District of Texas, seeks to recover damages on behalf of purchases of Dell securities between Feb. 13, 2003 and Sept....
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