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New York sues Dell for being a Cheat!

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NEW YORK (Reuters) - New York State Attorney General Andrew Cuomo has sued Dell Inc. (NasdaqELL - news) over consumer complaints against the computer maker, contending that the company engaged in deceptive financing practices.

The suit, filed in New York state court in Albany, accuses Dell and its financial services unit of misleading customers with enticing financing offers that carry many restrictions and limitations. Cuomo's office wants an injunction against Dell's practices, and unspecified damages to affected customers.

Investors shrugged off the lawsuit, with shares rising 64 cents, or 2.6 percent, to $25.31 in morning Nasdaq trade.

The announcement of the lawsuit came as "something of a relief following widespread rumors" on Tuesday that the impending statement from Cuomo's office could have represented a widening of existing regulatory probes into the company's accounting, Goldman Sachs stock analyst Laura Conigliaro wrote in a research note to clients.

In the lawsuit, the New York attorney general said that consumers "who purchase Dell's products often find that many of the benefits and inducements featured in Dell's advertisements are illusory.
Interesting read. Nothing like a little PUBLIC attorney defense of the consumer. However I think this suit is more for show than for bite. Mostly a PR bid to get Dell from a shady business tactic that does indeed exist. I had an 780 mid FICO score and was denied 0% financing on a Dell before I started building. I told them to cram it up their ass (which is the difference between me and them).


http://news.yahoo.com/s/nm/20070516/...ell_newyork_dc
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Already posted a whole 2 mins ago
http://www.overclock.net/news-overcl...suit-over.html
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