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VOL. 128 | NO. 161 | Monday, August 19, 2013

Judge Won't Fast-Track Icahn Claim Against Dell

RANDALL CHASE | AP Business Writer

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WILMINGTON, Del. (AP) – A Delaware judge has refused to fast-track a trial on billionaire investor Carl Icahn's claims that Dell Inc. directors have breached their fiduciary duties in scheduling a vote on founder and CEO Michael Dell's bid to take the embattled computer maker private.

Dell's board has scheduled a shareholder vote on Michael Dell's $24.8 billion buyout offer for Sept. 12, followed by an overdue annual meeting on Oct. 17.

Icahn wanted the merger vote and annual meeting held the same day. He says that would give shareholders a chance to vote on a rival board slate he would offer in support of his alternative proposal that he says would be better for shareholders.

But the judge said Friday that Icahn has offered no proof warranting an expedited trial.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 52 136 5,209
MORTGAGES 79 182 6,891
FORECLOSURE NOTICES 13 50 1,606
BUILDING PERMITS 328 328 12,307
BANKRUPTCIES 70 175 5,475
BUSINESS LICENSES 30 58 2,119
UTILITY CONNECTIONS 85 182 7,240
MARRIAGE LICENSES 19 43 1,501

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