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Dell to pay T. Rowe Price $25M to settle buyout lawsuit - Printable Version

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Dell to pay T. Rowe Price $25M to settle buyout lawsuit - Gator - 06-30-2016

To review, T. Rowe Price  was an opponent of the Dell LBO, but mistakenly voted its mutual fund shares in favor of the deal, eventually costing clients nearly $200M. Earlier this month, T. Rowe promised to make investors in its mutual funds whole for that error.

In today's news, Dell is paying $25M to T. Rowe Price to settle the asset manager's lawsuit over the buyout. In exchange, T. Rowe agrees not to appeal a series of prior court rulings which disqualified it from a larger payday.

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