MINNEAPOLIS, Sept. 18, 2006 (PRIMEZONE) -- Charles H. Johnson today announced that it has commenced an investigation against Dell, Inc. ("Dell" or the "Company") (Nasdaq:DELL) for potential violations of the Employee Retirement Income Security Act of 1974 ("ERISA"). The investigation focuses on investments in Dell stock by the Dell, Inc. Employees Savings and Investment Plan and the Dell Employee Stock Ownership Plan (the "Plans").
Charles H. Johnson's investigation focuses on concerns that Dell and the plans' administrators may have breached their fiduciary duties of loyalty and prudence to the Plans' participants. A breach may have occurred if the fiduciaries failed to prudently manage the Plans' assets, by among other things, offering Dell stock as a Plan investment option, requiring participants to invest in the stock, and investing and holding Company contributions in the stock at a time when the stock was not a suitable and appropriate investment option. A breach also may have occurred if the fiduciaries withheld or concealed material information from the Plans' participants with respect to the Company's business, financial results and operations, thereby encouraging participants and beneficiaries to continue to make and maintain substantial investments of Company stock in the Plans.
If you are a member of the Dell, Inc. 401(k) Plan and/or the Dell Financial Services LP 401(k) Plan and purchased or held Dell stock through one of the Plans, or have any questions concerning this notice or your rights with respect to this matter, please contact: