N.Y. Judge Slaps Dell for Fraud, False AdvertingBy Reuters | Posted 2008-05-28 Email Print
Dell lured customers with advertisements that offered "no interest" or "no payment" financing options, but its financing arm would then charge higher rates.
A New York court ruled against Dell on Tuesday, saying the computer maker engaged in fraud, false advertising, deceptive business and abusive debt collection practices.
New York State Supreme Court Judge Joseph Teresi said Dell lured customers with advertisements that offered "no interest" or "no payment" financing options, but its financing arm would then charge higher rates.
New York State Attorney General Andrew Cuomo, who filed a lawsuit against Dell in May 2007, said the court will hold further proceedings to determine how much Dell will have to pay to its customers in restitution.
Dell was not immediately available for comment.
Shares of Dell closed up 30 cents, or 1.42 percent, at $21.49 on Nasdaq.
© Thomson Reuters 2008. All rights reserved. Users may download and print extracts of content from this website for their own personal and non-commercial use only. Republication or redistribution of Thomson Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.