UPDATE: Distribution checks will be mailed the week of January 8, 2024.

The information contained on this web page is only a summary of information presented in more detail in the Notice of Pendency of Stockholder Class Action and Proposed Settlement, Settlement Hearing, and Right to Appear (the “Notice”), which you can access by clicking here. Because this website is just a summary, you should review the Notice for additional details. 

Notice of Pendency of Class Action:  Please be advised that your rights will be affected by the above-captioned stockholder class action (the “Action”) pending in the Court of Chancery of the State of Delaware (the “Court”) if you were a record holder or beneficial owner of Dell Technologies Inc. (“Dell” or the “Company”) Class V common stock (NYSE: “DVMT”) whose shares of Class V Common stock were converted on December 28, 2018.

Notice of Settlement:  Please also be advised that (i) lead plaintiff Steamfitters Local 449 Pension Plan (“Plaintiff”), on behalf of itself and the Class (defined in paragraph 35 below); (ii) defendants Michael Dell, David Dorman, Egon Durban, Goldman Sachs & Co. LLC, William Green, Simon Patterson, Silver Lake Group LLC, Silver Lake Partners III, L.P., Silver Lake Technology Investors III, L.P., Silver Lake Partners IV, L.P., Silver Lake Technology Investors IV, L.P., SLP Denali Co-Invest, L.P. (the “Defendants”); and (iii) Dell (together with Plaintiff and Defendants, the “Settling Parties”) have reached a proposed settlement for $1,000,000,000 in cash (the “Settlement”).  The proposed Settlement, if approved, will resolve all claims in the Action against Defendants. 

If you are a member of the Class, you are subject to the Settlement.  The Class certified by the Court consists of:

All record holders and beneficial owners of Dell Technologies Inc. Class V common stock whose shares of Class V common stock were converted on December 28,2018 (the “Class Shares”) in their capacities as holders of Class Shares, together with their heirs, assigns, transferees, and successors in-interest, in each case in their capacity as holders or beneficial owners of Class Shares.

Excluded from the Class are: (i) Defendants; (ii) MSDC Denali Investors, L.P., MSDC Denali EIV, LLC, the Susan Lieberman Dell Separate Property Trust, and Ellen Kullman (collectively, the “Dismissed Parties”); (iii) the Defendants’ and Dismissed Parties’ immediate family members, affiliates, investors, partners, limited partners, legal representatives, heirs, estates, successors, or assigns; and (iv) any entity in which any of the Defendants or Dismissed Parties has had a direct or indirect controlling interest (each an “Excluded Person”).  No Goldman Investment Vehicle shall be deemed an Excluded Person.

Please read the Notice Carefully and in its Entirety.  Copies of the Notice can be found in the menu on the left of this page.

If you have questions, you may call the Dell Class V Stockholder Litigation Help Line at 877-829-2939 or email info@DellClassVStockholderLitigation.com.