An investor is planning to sue Dell, claiming the company improperly accounted for hundreds of millions of dollars in payment from Intel:
In a lawsuit filed Wednesday by class action lawyer William Lerach, plaintiffs allege that the computer giant was receiving as much as $1 billion a year in "secret and likely illegal" kickbacks from Intel to ensure that Dell used no other chipmaker, the Journal said.
The suit was filed in the U.S. District Court in Austin, Texas, it said. Officials at the law firm could not immediately be reached for comment.
A Dell spokesman said the company does not comment on pending litigation. The company has not seen the lawsuit, he added.