Saturday, February 03, 2007

Dell hit by $1bn lawsuit over alleged kickbacks

Michael Dell, who this week returned to day-to-day control of the troubled computer maker that bears his name, has been slapped with a lawsuit alleging he and the company benefited from billions of dollars in kickbacks from the chip maker Intel.

America's highest-profile class action lawyer, Bill Lerach, filed a suit against Dell, its directors and the accountants PricewaterhouseCoopers, alleging that the company used the payments to prop up quarterly profits.

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