|
DALLAS (AP) - A new class-action lawsuit claims that computer maker Dell Inc. inflated profits with secret payments of about $1 billion a year from chip maker Intel Corp.
The lawsuit was filed Wednesday, the same day the company announced that founder Michael S. Dell would return to the chief executive's role amid more disappointing financial news.
Filed in U.S. District Court in Austin, the lawsuit also claimed that Dell concealed problems in accounting and product quality from shareholders while company executives reaped $3.3 billion from selling their stock.
|