This was forecast back in January by NY AG Andrew Cuomo. A recently filed 1oK reveals the substance of Cuomo's requests - "documents and information to assist with its probe of whether there have been any agreements or arrangements establishing or maintaining a monopoly in the sale of microprocessors in violation of federal or New York antitrust laws." More at Forbes.

Labels: antitrust, Dell, New York AG

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