IBM in Discussions on Issues in Pension Suit
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IBM, in the latest turn in a pension plan case that could reverberate through the Fortune 500, said on Friday it is in talks to resolve some of the issues in a lawsuit that could cost Big Blue billions of dollars.
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Ford Motor Co. and General Motors Corp. said Tuesday that the Securities and Exchange Commission has asked the companies for information on their pension fund accounting.
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Oct. 11 issue - IBM retirees will get their cash, but what&#39;s it to you? It&#39;s too soon to tell. Last week IBM agreed to pay $300 million to settle old pension claims, and agreed to pay $1.
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Suit also alleges that PSI, a maker of servers that run IBM's mainframe software, has broken a customer agreement.
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SAN FRANCISCO - IBM Corp. is seeking dismissal of a second major component of the lawsuit filed against it last year by Unix vendor The SCO Group Inc., according to court documents filed Friday by IBM. The documents, filed with the U.S. District Court for the District of Utah, argue that SCO's breach of contract allegations should be dismissed from the lawsuit.
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Technology industry bellwether IBM has reported a healthy rise in net income in the third quarter, but its overall results were hampered by a $320m legal settlement related to its employee pension plan.
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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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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 has said that it has 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 of workers at many companies and nonprofit organizations.
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Compuware is seeking reimbursement for its &quot;substantial&quot; efforts related to IBM&#39;s failure to produce the software code, which it wants excluded as evidence from the trial. For its part, IBM remains confident Compuware&#39;s latest motion will ...
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Legal action was taken against IBM concerning its conversion to a controversial cash-balance pension plan. Under the terms of the agreement, IBM will pay at least $300 million to settle certain claims in the complex lawsuit.
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HONG KONG - China&#39;s biggest computer maker said Tuesday it is in acquisition talks with a major international technology company, a disclosure which comes amid reports it might buy IBM Corp.
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San Francisco, December 4: IBM is reportedly in talks to sell its personal computer business in a deal that could be worth up to $2 billion and would cap a gradual withdrawal from the business it helped to pioneer in 1981.
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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.
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IBM Corp. said Wednesday it has agreed to pay $320 million in retirement benefits to settle part of a class-action lawsuit and another $1.
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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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China&#39;s biggest computer maker said Tuesday it is in acquisition talks with a major international technology company, a disclosure which follows reports it might buy IBM Corp.