October 14, 2010
Court Approves $100 Million Settlement between SEC and Dell
The federal district court for D.C. approved the proposed settlement between the SEC, Dell Computer and five current or former executive officers (including Michael Dell), in which Dell agrees to pay $100 million and implement remedial measures. In its complaint, filed july 22, 2010, the SEC alleged that the company had engaged in improper accounting and disclosure practices from 2001-2006 to make it appear the company met its earnings targets. Legal Times, Judge Approves $100M Settlement Between Dell, SEC.
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