Final Approval Of $2.75M Investor Settlement With Dell Subsidiary Granted

Mealey's (February 2, 2023, 2:03 PM EST) -- SAN FRANCISCO — A judge in California granted final approval of a $2.75 million settlement in a securities class action against a subsidiary of Dell Technologies Inc. and others on claims that the defendants issued a series of misrepresentations in offering documents for the company’s initial public offering (IPO) in violation of federal securities laws, ruling that the settlement was fair, reasonable and adequate and in compliance with California law....