Dell SEC Fair Fund

On March 6, 2019, the Court entered a Minute Order Upon consideration of plaintiff Securities and Exchange Commission's Motion for an Order Directing the Distribution Agent to Disburse the Fair Fund to Eligible Claimants and supporting declaration, it is hereby ORDERED that the Distribution Agent shall distribute the funds remaining in the Fair Fun... d to those Eligible Claimants who cashed their distribution checks received in the Initial Tranche of the distribution, pursuant to the Final Payee List reviewed and accepted by the Commission staff. To view the Civil Docket, please click here . Payments were mailed to Eligible Claimants on Friday, September 27, 2019. If you purchased or acquired Dell common stock from May 3, 2001 through September 8, 2006, inclusive (the "Recovery Period"), you may be eligible for compensation. On July 22, 2010, the Commission filed its Complaint in this action and alleged that from 2001 through 2006 Dell Inc. ("Dell") and certain of its current and former senior executives, Michael S. Dell, Kevin B. Rollins, James M. Schneider, Leslie M. Jackson, and Nicholas A.R. Dunning, violated the federal securities laws by, among other things, failing to disclose material information (specifically, the receipt of large payments from Intel Corporation) to investors and using fraudulent accounting to make it falsely appear that Dell was consistently meeting Wall Street earning targets and reducing its operating expenses. Without admitting or denying the allegations in the Commission's Complaint, the Defendants consented to Final Judgments entered by the United States District Court for the District of Columbia (the "Court") on October 13, 2010 (the "Final Judgments"). As required by those Final Judgments, the Defendants together have paid or are scheduled to pay or disgorge funds to the Clerk of the Court in the aggregate amount of $111,418,947.00, plus accrued interest. Pursuant to the Final Judgments, all funds received were deposited with the Court Registry Investment System ("CRIS") in an ...Read More