Keller Rohrback L.L.P. Announces Update on the Status of the Dell Inc. 401(K) Plan Litigation -- DELL
20 November 2006 Keller Rohrback L.L.P. (www.erisafraud.com), who previously filed an ERISA complaint against Dell Inc. ("Dell" or the "Company") (Nasdaq:DELL) in the United States District Court, Western District of Texas on October 4, 2006, today announced it was broadening its investigation of Dell in light of the Company's recent announcement that the SEC had commenced a formal investigation into certain accounting and financial reporting matters at Dell. In August, the Company had disclosed it was the subject of an informal SEC investigation for unspecified accounting issues. Additionally, Keller Rohrback today announced that it will file an amended complaint on January 31, 2007, pursuant to a court order signed on November 16, 2006. Court orders and the current ERISA complaint filed by Keller Rohrback may be viewed at: www.erisafraud.com. Keller Rohrback's ERISA complaint alleges that Dell and the various defendants breached their fiduciary duties owed to the Dell Inc 401(k) Plan participants by: (1) failing to prudently and loyally manage the Plan's assets; (2) failing to provide participants with complete, accurate and material information concerning the problems with Dell's business and financial condition necessary for Participants to make informed decisions concerning the prudence of directing the Plan to invest in the Dell stock fund; and (3) failing to appoint and monitor the performance of the other fiduciaries. If you are a member of the Dell Inc. 401(k) Plan, and purchased or held Dell stock in the 401(k) Plan, and would like more information about this case you may contact paralegal Jennifer Tuato'o or attorneys Erin Riley, Derek Loeser or Lynn Sarko toll free at 800/776-6044, or via e-mail at investor@kellerrohrback.com. Keller Rohrback is one of America's leading law firms handling ERISA retirement plan litigation. Our attorneys helped pioneer this field in the Lucent and IKON ERISA breach of fiduciary duty cases -- the first large-scale ERISA 401(k) cases filed. Keller Rohrback served as lead and co-lead counsel in numerous ERISA breach of fiduciary duty cases, including the Enron, WorldCom, Inc., HealthSouth, Global Crossing and Marsh & McLennan Companies ERISA cases. Recently, Keller Rohrback was appointed lead counsel in the Delphi ERISA case. Keller Rohrback has successfully provided class action representation for over a decade. Its trial lawyers have obtained judgments and settlements on behalf of clients in excess of seven billion dollars. More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca CONTACT: Keller Rohrback L.L.P. Jennifer Tuato'o Paralegal (800) 776-6044 investor@kellerrohrback.com www.erisafraud.com
Source: primezone
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