Milberg Weiss Announces Investigation Relating to Dell's 401(K) Retirement Plans
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The law firm of Milberg Weiss announced today that it is investigating possible illegal conduct relating to 401(k) retirement plans at computer maker Dell Inc. Specifically, Milberg Weiss is investigating whether fiduciaries of the Dell Inc.
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Morningstar Inc., the mutual fund and stock research provider, on Friday said it may face U.S. Securities and Exchange Commission civil charges over incorrect data it published about a mutual fund.
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Computer maker Dell Inc.   filed with the U.S. Securities and Exchange Commission on  Thursday to delay its third-quarter financial report, citing  ongoing regulatory investigations into its accounting and  financial reporting matters.
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The U.S. Securities and Exchange  Commission is investigating Dow Jones & Co. Inc. board member  David Li over an insider trading case linked to News Corp.&#39;s  bid for the Wall Street Journal publisher, Dow Jones reported  on Wednesday.
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Federal prosecutors are expected to seek an indictment of influential class-action lawyer Melvyn Weiss on Thursday as part of a long-running case charging his law firm paid plaintiffs in its multibillion-dollar lawsuits against corporations, the law firm said.
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Computer maker Dell Inc. DELL.O said   on Monday it has suspended share repurchases and is delaying   the filing of its latest quarterly report with regulators amid   an expanded government accounting probe.
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Insurance giant American International Group Inc. on Wednesday said its financial products unit is being investigated by the Department of Justice over possible violations of securities laws.
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(InfoWorld) - Stock in Dell was rising Monday on news thatÂ founder Michael Dell plans to remain as CEO for several years, trim the number of managers reporting directly to him, and eliminate bonuses. "We have a tough couple of quarters ahead. We didn't get here overnight, and we won't fix things overnight either," Dell wrote in a memo to employees on Friday. "Last year ... we had great efforts but not great results. This is disappointing, and it is unacceptable." Dell pointed to several problems with the company, including an overgrown bureaucracy and operating expenses that had grown too fast. "We have great people ... but we also have a new enemy: bureaucracy, which costs us money and slows us down. We created it, we subjected our people to it, and we have to fix it!" Dell said. "I am asking each of you to look across your organizations and eliminate redundancies." On Monday, a corporate spokeswoman confirmed the authenticity of the memo, which had been leaked to media over the weekend. The company has been buffeted in recent days by the resignation of CEO Kevin Rollins last Wednesday,Â Michael Dell announcing he would take over that job, and the accusation inÂ a lawsuit by investorsÂ on Friday that 15 top executives had garnered millions of dollars by selling their stock after propping up the company's faltering revenue with secret payments from Intel. Even before those blows landed, Dell was wobbling on a threat by the Nasdaq stock exchange to drop its stock unless the company files its overdue quarterly earnings reports.Â Dell has delayed filing those numbers for the past two terms as it struggles to satisfy an investigation by the U.S. Securities and Exchange Commission (SEC) of its accounting practices. It is not yet clear if that investigation is related to the investors' charges that Dell hid payments by Intel in exchange for staying exclusively loyal to one brand of microprocessor in its PCs. When Michael Dell announced on Wednesday he would return to his position as CEO, the company was already in the midst of a reorganization plan that calls for $100 million in spending to improve the customer service practices that allow it to bypass retail stores with its famed "direct sales" business model. The company was also following Rollins' plan toÂ remake itself as "Dell 2.0,"Â trying to move beyond an enormousÂ notebook PC battery recall in August by focusing on industrial design, overseas factories, and a move to diversify its computers by using chips fromÂ AMD as well as those from Intel. In his Friday memo, Dell added new details to that strategy. He promised to turn around the company by focusing on the SMB sector, enterprise servers and storage, shorter design cycles for new products, and increased sales in emerging markets. He also made a few corporate changes, recalling Paul Bell from his job running the company's markets in EMEA (Europe, the Middle East and Africa) to lead Dell's new Americas group, which includes the fast-growing SMB sector. Dell also created a "global operations" division to focus on manufacturing and procurement. "I remember what it's like to start a company. We're moving fast. There is no luxury of time. The competitors are fierce. The difference is this time we have many new assets and some hidden ones that can be brought out," he wrote. Dell did not describe the hidden assets he would use to rescue his company's prospects, but he hinted that Dell had enough resources to outspend its competition. AlthoughÂ Dell handed the title of world's largest PC vendor to HP this year, it is still a corporate colossus. "When I started back in 1984, it was just me. But now we are blessed to have an awesome team, many great assets, and $11 billion or so," Dell said. Â
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New York state launched a formal  investigation of Intel Corp  on Thursday, to determine  if the world's No. 1 chipmaker broke state and U.S. antitrust  laws to squeeze out its main rival, Advanced Micro Devices Inc  .
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Dell Inc.  said on Thursday it  received a delisting notice because it was late in filing a  quarterly financial report and plans to request a hearing  before a Nasdaq panel.
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Hartford Life, a unit of the Hartford Financial Services Group Inc., said Friday it is being investigated by the Securities and Exchange Commission for its use of "directed brokerage" in connection with its mutual funds.
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Dell told government regulators on Monday that it cannot file a financial statement for its 401(k) plan, as the company continues to struggle with an investigation of its accounting practices.
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Morningstar, the research firm that tracks more than 16,000 mutual funds, is under investigation by the Securities and Exchange Commission.
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Krispy Kreme Doughnuts Inc. said Friday it has been informed by the Securities and Exchange Commission that the agency&#39;s investigation of the company has now become a formal probe.
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Marsh &amp; McLennan Cos., Aon Corp. and Willis Group Holdings Ltd., insurance brokers whose business practices are the focus of a probe by New York Attorney General Eliot Spitzer, have
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Dell Inc.  is facing an investor lawsuit alleging that it improperly accounted for hundreds of millions of dollars in payments from its long-time partner Intel Corp. , the Wall Street Journal reported on its Web site on Friday.
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WINSTON-SALEM, NC - The Securities and Exchange Commission has escalated its investigation of Krispy Kreme Doughnuts Inc. to a formal inquiry, the company announced Friday.