Dell to Pay $100 Million to Settle SEC Claims

Computer maker Dell Inc. (DELL) on Thursday agreed to pay $100 million to settle accounting charges by the Securities and Exchange Commission for the years 2001 and 2006.

Under the settlement, Dell founder and Chief Executive Michael Dell agreed to pay $4 million to settle disclosure-related allegations, the agency said. The settlement also includes payments by former Dell Chief Executive Kevin Rollins and former Dell finance chief James Schneider, the person said.

Dell’s accounting practices have been under investigation by the SEC since 2005. In 2007, the Round Rock, Texas, company restated four years of results after an internal investigation prompted by the SEC probe.

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