Today, we announced a definitive agreement for me and global technology investment firm Silver Lake to acquire Dell and take it private.

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But later that day, Gutman called him and said that Merrill Lynch had reached an agreement with the SEC "to hand over Waksal on a silver platter in exchange for looking the other way on Stewart, " Faneuil testified.

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The company has the right to purchase all or a portion of the silver production at a low fixed price for an upfront payment pursuant to any agreement.

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After Silver censured Lopez, the speaker said he won't again enter into secret agreement to settle such claims, saying the public deserves more transparency.

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