Pivotal Software

Lopez v. Dell Technologies Inc., C.A. No. 2020-0440 (Del. Ch.)

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Block & Leviton is co-counsel to a class of former stockholders of Pivotal Software, Inc. action challenging the 2019 sale of Pivotal to VMware, Inc. Both Pivotal and VMware were controlled by Dell Technologies Inc. and its founder, Michael Dell, which owned a larger economic stake in VMware than Pivotal. The complaint alleges that VMware underpaid for Pivotal because of Dell’s influence and control.

In June 2022, the parties entered into a $42.5 million settlement of the action, which was approved by the Court in October 2022.

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