Published 1 year ago

Dell to Pay $1 Billion to Settle Suit Over 2018 Stock Conversion

Summary by Ground News

The settlement, if approved by the court, will end the dispute over the $23.9 billion conversion of Dell stock in a deal four years ago. The plaintiffs alleged that the transaction was billions of dollars below market value. The settlement includes attorney fees and covers claims against Goldman Sachs Group Inc., which advised Dell in the transaction.

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The spokesman-Review

Dell to pay $1 billion to settle suit over 2018 stock conversion

Dell Technologies agreed to pay $1 billion to settle a shareholder lawsuit relating to a controversial 2018 stock conversion transaction.

1 year ago·Spokane, United States

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Techmeme

Dell agrees to pay $1B to settle a shareholder lawsuit over a $23.9B stock conversion in 2018; investors alleged the transaction was billions below market value

Brody Ford / Bloomberg: Dell agrees to pay $1B to settle a shareholder lawsuit over a $23.9B stock conversion in 2018; investors alleged the transaction was billions below market value — Dell Technologies Inc. agreed to pay $1 billion to settle a shareholder lawsuit relating to a controversial 2018 stock conversion transaction.

1 year ago

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