T Rowe Price reveals $100mn insurance claim

Listed US investment firm T Rowe Price is set to receive $100mn
from insurers after a technical blunder reportedly cost the
company's shareholders twice that sum.
The investment house said it could stand to receive a further
$50mn under remaining insurance claims that are currently still
pending.
The loss relates to the Baltimore-based firm's investment in
US computer manufacturer Dell.
According to reports T Rowe Price opposed a bid by the tech
company's founder Michael Dell to take the then-$2