Published On: Tue, Jul 14th, 2015

Judge says some top Dell shareholders are plum out of luck in share buyout beef

Rules they didn't actually own their shares after all

Michael Dell / Getty

 

Dell has successfully whittled away at a lawsuit brought against it by major shareholders who think Michael Dell‘s 2013 buyout of the firm came with too small a price tag.

In a Monday ruling, the Delaware Chancery Court found that five large institutional investors were ineligible to participate in the suit because the way in which they held their Dell shares didn’t meet the legal requirements.

The investors that were knocked off the suit include affiliates of Curtiss-Wright Corp Retirement Plan, Manulife Financial, Milliken Retirement Plan, Northwestern Mutual Life Insurance Co, and T. Rowe Price, which together claimed rights over 922, 975 Dell shares… READ MORE

The Register by Neil McAllister

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