06-30-2016, 02:16 AM
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.
Reminder to those that vote: Leave means LEAVE and No means PAY SHAREHOLDERS A FAIR PRICE
"And maybe someday we will find , that it wasn't really wasted time"