Business Standard

Thursday, December 19, 2024 | 08:53 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

IBM has to pay BMC Software Inc $1.6 billion for poaching AT&T account

The judgment is one of the largest ever to arise from a commercial dispute, Sean Gorman, a partner with Bracewell LLP who represented BMC in the case, said

IBM
Premium

IBM

Bloomberg
International Business Machines Corp. must pay $1.6 billion to BMC Software Inc. for swapping in its own software while servicing their mutual client, a federal judge ruled.

US District Judge Gray Miller in Houston on Monday rejected IBM’s claim that it acquired the mainframe software account of one of BMC’s core customers, AT&T Corp., fair and square. Miller awarded damages based on his earlier determination that IBM’s role in AT&T’s decision to dump BMC “smacked of intentional wrongdoing.” His ruling came after a seven-day non-jury trial in March.

The judgment is one of the largest ever to arise from a commercial dispute,

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in