IBM Settles Pension Claims
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IBM on Wednesday said it will take a third-quarter charge of $320 million to settle all but two claims of an ongoing lawsuit claiming its pension plan discriminated against older workers, in exchange for capping its potential
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International Business Machines Corp., the world&#39;s largest computer maker, said it will pay at least $300 million to settle part of a lawsuit that claimed the company&#39;s pension plan discriminated against older workers.
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The judge presiding over a massive pension suit against IBM, which could cost the company more than &#36;6.5 billion, agreed to a short delay while settlement talks continue.
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International Business Machines Corp. has shut its cash-balance pension plan to new employees, CBSMarketwatch.com reports. Instead, new employees can contribute 6 percent of their
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IBM announced Monday that it has won a 10-year contract from Honeywell International Inc. worth several hundred million dollars. The agreement between IBM&#39;s Engineering &amp; Technology Services unit and Honeywell&#39;s
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San Francisco, September 30: IBM on Wednesday said it will take a third-quarter charge of $320 million to settle all but two claims of an ongoing lawsuit claiming its pension plan discriminated against older workers, in exchange for capping its potential
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International Business Machines Corp., the world&#39;s largest seller of computers and related services, said it agreed to settle part of a lawsuit that claimed the company&#39;s pension plan discriminated against older workers.
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Neither admits, nor denies, wrongdoing IBM has agreed to pay $7m to settle a Securities and Exchange Commision investigation into financial statements from Dollar General in 2000. The money will go into a Dollar General general shareholder fund.â¦
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IBM and the plaintiffs in the case of Cooper et al v. the IBM Personal Pension Plan and the IBM Corporation have filed a notice with the United States District Court for the Southern District in Illinois.
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IBM said yesterday that it had agreed to pay $320 million to current and former employees to settle in part a class-action lawsuit over its pension plan in a case that may affect millions
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International Business Machines Corp. said yesterday it had agreed to settle most of the issues in a suit over changes in its pension plans on terms that allow the company to continue
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Delta Air Lines Inc. and the Pension Benefit Guaranty Corp. have reached a settlement over key issues related to the carrier's request to terminate its pilots' pension plan.
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Blog: IBM and SEC reach settlement in stock options expensing disclosure case. No fines or monetary penalties for company.
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NEW YORK, December 31  - In a filing with the Securities and Exchange Commission, International Business Machines (IBM.
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US computer giant IBM agrees a deal with lawyers representing staff who fear the company's pension plan discriminates against older workers.
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IBM Corp. and plaintiffs challenging the legality of its pension plan agreed to a deal Wednesday that settles most claims and caps the company&#39;s potential liability at $1.
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IBM (Quote, Chart) has agreed to pay $300 million to settle most of the claims in a class action lawsuit related to its pension plan, the company announced today.