TDIV - IBM Emerges Victorious In $1.6B Legal Battle: Report | Benzinga
International Business Machines Corporation (NYSE:IBM) has reportedly triumphed in a legal battle, overturning $1.6 billion in damages awarded to BMC Software Inc. in 2022.
The dispute stemmed from IBM’s implementation of its own software while servicing their shared client, AT&T Inc (NYSE:T).
The U.S. 5th Circuit Court of Appeals ruled in favor of IBM, nullifying one of the largest-ever judgments in a commercial dispute, according to a report from Bloomberg.
Judges found that IBM lawfully ...