Deals
Dell Directors Sued Over $24.44 Billion Buyout by Management
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Dell Inc. Chief Executive Officer Michael Dell and other company directors were sued by an investor over claims the computer maker’s board is shortchanging shareholders in a $24.4 billion management-led buyout.
Dell, who owns more than 15 percent of the third-biggest computer maker, abused his status as the company’s top executive and board chairman by leading the buyout, lawyers for Dell investor Catherine Christner said yesterday in a lawsuit filed in Delaware Chancery Court.