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In 1997 Håkan Lans sued Dell for infringement of his color-graphics display patent, U.S. patent no. 4,303,986. [1] Dell won the case because Lans did not have any ownership interest in the patent, having assigned it to a corporation that he owned. In 2005, Dell began the construction of a facility in Winston-Salem, North Carolina. [2]
Computer giant Dell Inc. has been slapped with a $100 million penalty to settle charges of accounting fraud and lying to investors, the Securities and Exchange Commission (SEC) announced. Under ...
In July 2010 Dell Inc. agreed to pay a $100 million penalty to settle SEC charges [34] of disclosure and accounting fraud in relation to undisclosed payments from Intel Corporation. Michael Dell and former CEO Kevin Rollins agreed to pay $4 million each and former CFO James Schneider agreed to pay $3 million to settle the charges. [34]
Dell (DELL) is gearing up to reach a $100 million settlement with the Securities and Exchange Commission over an accounting scandal that roped in chipmaker Intel (INTC). Dell founder and CEO ...
TigerDirect was an El Segundo, California-based online retailer dealing in electronics, computers, and computer components. The company was previously owned by Systemax, which is known for its acquisitions of the intellectual property of the defunct U.S. retail chains Circuit City and CompUSA and relaunching them as online retailers.
These numbers could be even higher since the majority of fraud is not reported, the FTC said. And the scams have led to an overall increase in reported losses, the FTC said. Reported losses due to ...
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Nonetheless, O'Dell vowed to lower his political profile lest his personal actions harm the company. O'Dell resigned his post of chairman and chief executive of Diebold on December 12, 2005, following reports that the company was facing securities fraud litigation surrounding charges of insider trading. [10]