Activist Icahn sues Dell over financial disclosures for IPO

Investor Carl Icahn

Vibhuti Sharma

Activist investor Carl Icahn sued Dell Technologie yesterday, alleging that the computer maker did not disclose financial information related to its plans to go public by buying back its tracking stock.

Mr Icahn, who owns 9.3pc of Dell, called the proposed deal a "conflicted transaction that benefits the controlling stockholders, at the expense of the DVMT stockholders".