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IBM wins reversal of $1.6 billion judgment to BMC over software contract

Posted on AllSides April 30th, 2024
From The Center
REUTERS/Dado Ruvic/Illustration/File Photo

April 30 (Reuters) - A federal appeals court on Tuesday overturned a judgment requiring IBM (IBM.N) to pay rival BMC Software $1.6 billion, after a judge found IBM improperly replaced BMC's mainframe software at AT&T (T.N) with its own. The 5th U.S. Circuit Court of Appeals in New Orleans said a lower court judge's determination concerning liability was in error. BMC is a Houston-based company that develops and licenses proprietary mainframe software products.

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https://reuters.com/legal/ibm-wins-reversal-16-billion-judgment-bmc-over-software-contract-2024-04-30

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