Dell Reaches $1B Settlement With Investors In Delaware Court Over Stock Swap

Mealey's (November 16, 2022, 1:38 PM EST) -- WILMINGTON, Del. — Dell Technologies Inc. will pay $1 billion to settle claims brought by investors alleging that the company, certain of its controlling stockholders and directors, and its financial adviser breached their fiduciary duty by engaging in a stock swap that resulted in significant losses to investors, according to a report the company filed with the Securities and Exchange Commission on Nov. 15....