Dell Delays Quarterly Filing, Discloses Subpeona

Law360, New York (September 11, 2006, 12:00 AM EDT) -- Personal computer maker Dell Inc. will delay the filing of its second quarter financials because of a Securities and Exchange Commission probe into its finances, the company said on Monday.

Dell also disclosed that it had received a subpoena from the Southern District of New York requesting documents related to the company’s financial reporting from 2002 to the present.

The Round Rock, Tex.-based company has suspended its share repurchase program and postponed a meeting with analysts scheduled for Sept. 13.

“We are fully cooperating with the...
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.