Milberg Weiss Announces Investigation Relating to Dell's 401(k) Retirement Plans.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- The law firm of Milberg Weiss Founded in 1965 by attorneys Larry Milberg and Melvyn I. Weiss, Milberg Weiss (formerly known as Milberg Weiss & Bershad LLP) is a U.S. plaintiffs' law firm. Based in New York City, it is widely known for representing investors in securities class actions. 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. 401(k) Plan and the Dell Financial Services LP 401(k) Plan may have violated the Employee Retirement Income Security Act The Employee Retirement Income Security Act of 1974 (ERISA), 29 U.S.C.A. § 1001 et seq. (1974), is a federal law that sets minimum standards for most voluntarily established Pension and health plans in private industry to provide protection for individuals enrolled in these plans. of 1974 ("ERISA See Employee Retirement Income Security Act. ERISA See Employee Retirement Income Security Act (ERISA). ") in at least two ways: (1) by failing to disclose Dell's true financial condition to participants in Dell's 401(k) plans, and (2) by offering Dell common stock as an investment option under Dell's 401(k) plans when it was not prudent to do so. The Milberg Weiss investigation, which has been underway for several months, may relate to certain facts alleged in securities fraud class action lawsuits class action lawsuit A lawsuit in which one party or a limited number of parties sue on behalf of a larger group to which the parties belong. For example, investors may bring a class action lawsuit against a brokerage firm that has actively promoted a tax recently filed against Dell Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : DELL). Those suits allege that Dell reported inflated financial results for certain fiscal periods. Dell shareholders who purchased Dell stock during those periods may be eligible to recover damages in those securities fraud suits. However, ERISA (the federal law governing retirement plans) may provide different or additional remedies to people who hold Dell common stock in a Dell 401(k) retirement plan. If you have an individual account under either (or both) of Dell's 401(k) retirement plans and your account holds Dell common stock, Milberg Weiss is willing to consult with you about a possible lawsuit at no cost or obligation. Milberg Weiss has extensive experience in protecting the rights of shareholders of public companies, including those shareholders who hold their stock in 401(k) accounts and the beneficiaries of those accounts. Milberg Weiss currently represents 401(k) plan participants Plan participants Employees or other beneficiaries who are eligible to receive benefits from a company's employee benefit plan. and beneficiaries in a number of class action cases throughout the country. Milberg Weiss Bershad & Schulman LLP LLP - Lower Layer Protocol is one of the nation's most experienced law firms representing individual and institutional investors and is active in major litigations pending in federal and state courts throughout the United States. Milberg Weiss has taken a leading role in many important actions on behalf of defrauded investors, consumers, and others for nearly 40 years. Please visit the Milberg Weiss website (http://www.milbergweiss.com) for more information about the firm. If you wish to discuss this action with us, or have any questions concerning your rights and interests with regard to this possible case, please contact the following attorney: Lori G. Feldman, Esq. One Pennsylvania Plaza, 49th fl. New York, NY, 10119-0165 Phone number: (800) 320-5081 Email (Legal Assistant): dsclafani@milbergweiss.com Website: http://www.milbergweiss.com |
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