Dell shareholders sue over alleged Intel kickbacks
Two Dell shareholders have filed a lawsuit against Dell, Intel and several Dell CEOs for allegedly hiding payments from Intel, the world’s largest processor maker. The kickbacks were supposedly to lock Dell into using Intel processor in Dell’s computers and could have been in "billions" of dollar range.
The lawsuit names 16 defendants including current CEO and founder Michael Dell, former CEO Kevin Rollins and Intel. Rollins just recently resigned as the company’s CEO. Shareholders claim Dell executives also profited more than $3 billion dollars by trading on illegal information.
Up until last year, Dell has sold only Intel-powered computers. It recently began offering computers with processors from Advanced Micro Devices.
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