As part of a settlement agreement with the U.S. Securities and Exchange Commission (SEC), Dell will pay a civil monetary penalty of $100 million, the PC maker announced.
"We are pleased to have resolved this matter," company chairman Michael Dell said in a statement. "We are committed to maintaining clear and accurate reporting of our periodic results, supporting our customers, and executing our growth strategy."
Both the company and Michael Dell entered into the settlement without admitting or denying any wrong doing. In addition, the company has agreed to a permanent injunction against future violations, and is required to retain an independent consultant and enhance its disclosure processes, practices, and controls, Dell said.
Full announcement here .