SEATTLE, Sept. 29, 2006 (PRIMEZONE) -- Keller Rohrback L.L.P. (www.erisafraud.com) today announced that an ERISA class action Complaint has been filed against Dell Inc. ("Dell" or the "Company") (Nasdaq:DELL) and various defendants in the United States District Court, Western District of Texas on behalf of the participants and beneficiaries of the Dell Inc. 401(k) Plan (the "Plan").
The Complaint alleges that Dell and the various defendants breached their fiduciary duties owed to Plan participants by: (1) failing to prudently and loyally manage the Plan's assets; (2) failing to provide participants with complete, accurate and material information concerning the problems with Dell's business and financial condition necessary for Participants to make informed decisions concerning the prudence of directing the Plan to invest in the Dell stock fund; and (3) failing to appoint and monitor the performance of the other fiduciaries.
If you are a member of the Dell Inc. 401(k) Plan and purchased or held Dell stock in the Plan, you may contact paralegal Jennifer Tuato'o or attorneys Erin Riley, Derek Loeser or Lynn Sarko toll free at 800/776-6044, or via e-mail at investor@kellerrohrback.com.
Keller Rohrback is one of America's leading law firms handling ERISA retirement plan litigation. Our attorneys helped pioneer this field in the Lucent and IKON ERISA breach of fiduciary duty cases -- the first large-scale ERISA 401(k) cases filed. Keller Rohrback serves as lead and co-lead counsel in numerous ERISA breach of fiduciary duty cases, including the Enron, WorldCom, Inc., HealthSouth, Global Crossing and Marsh & McLennan Companies ERISA cases. Recently, Keller Rohrback was appointed lead counsel in the Delphi ERISA case. Keller Rohrback has successfully provided class action representation for over a decade. Its trial lawyers have obtained judgments and settlements on behalf of clients in excess of seven billion dollars.
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca