$1B Shareholder Deal In Dell Stock Swap Suit Gains Chancery Court Approval

Mealey's (April 20, 2023, 2:53 PM EDT) -- WILMINGTON, Del. — A Delaware chancellor approved a $1 billion settlement in a lawsuit brought by investors alleging that Dell Technologies Inc., 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 docket entry filed on April 20 in the chancery court....