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IBM Deals With EU Complaint, Insider Trading Settlement

Mar 24, 2010, 19:02 (0 Talkback[s])
(Other stories by David Needle)

"It's going to be a very busy week in IBM's legal department. It has been accused of antitrust activities by a French software company and an executive caught in an insider trading scandal may be close to settling his case.

"TurboHercules, a provider of mainframe emulator software in Paris, France, filed an antitrust complaint with EU regulators on Tuesday, charging IBM (NYSE: IBM) with refusing to license its mainframe operating system for use with TurboHercules's mainframe emulator.

""IBM is preventing customers from using Hercules [TurboHercules' open-source software] by tying IBM's mainframe operating system with IBM hardware," Roger Bowler, TurboHercules chairman, said in a statement, quoted by Reuters."

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