With Dell Technologies Inc. facing a potential trial next month in Delaware Chancery Court on claims it short-changed some shareholders in a 2018 stock-conversion deal, the company announced this week that it’s set to pay out a $1 billion cash settlement to the plaintiffs. 

The deal, which comes two-and-a-half years after Vice Chancellor Travis Laster turned back a defense bid to knock out the suit, still requires sign-off from the court. If approved, it would mark a new high for shareholder settlements in the Court of Chancery.