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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.