Union Asset Management Holding AG will be the lead plaintiff in the forthcoming class action lawsuit filed against computer-maker, Dell. Motley Rice, a South Carolina law firm, is representing the union. If you are keeping score, Lerach Coughlin did submit a petition for lead counsel but was rejected... The complaint against Dell alleges that several of the company's C-suiters manipulated earnings and enriched themselves by selling off stock at inflated prices before the fall.

Further detail on the Dell litigation can be found here. Also, check out this article which provides many details on allegations against Dell that appear in in the Lerach complaint.

Labels: Bill Lerach, class action, Dell, Motley Rice, Ontario Securities Commission