AUSTIN, Texas, July 23 (UPI) -- Dell Inc. settled a five-year battle over security fraud charges with the federal Securities and Exchange Commission for more than $100 million.
In addition, without confirming or denying the SEC's charges, Chief Executive Officer Michael Dell and former CEO Kevin Rollins each agreed to pay $4 million, the Austin American-Statesman reported. Jim Schneider, Dell's former chief financial officer, will pay $3 million, bringing the total settlement to $111 million.