Dell Shareholders Ditch Fraud Claims For $40M

Law360, New York (December 17, 2009, 5:20 PM EST) -- Having defeated shareholder claims of securities fraud at the district court and delivered the winning argument on the subsequent appeal, Dell Inc. has agreed to pay a class of investors $40 million to put an end to the drawn-out litigation.

Unexcited at the prospect of continuing to do battle with Dell over its alleged misrepresentations, plaintiffs asked Judge Sam Sparks of the U.S. District Court for the Western District of Texas to authorize the settlement and establish a class of Dell shareholders entitled to share in...
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