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Dell settles with SEC over alleged violations of federal security laws

Dell pays SEC $100M

| Business, Financial & Legal News | Posted: Jul 23, 2010 7:14 pm

Dell has announced today that it has reached a settlement with the SEC over alleged disclosure and accounting practices that violated securities and SEC rules. Dell has settled with the SEC for $100 million.

 

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Dell had previously announced that it had set aside that $100 million amount for a settlement. The settlement comes with no admission of guilt by Dell.

 

Michael Dell also had to pay a $4 million civil monetary penalty. There are no restrictions on how Dell can work with his company at this time.

 

NEWS SOURCES:Businesswire.com

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