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IBM Judge OKs Foreign Bribe Settlement Two Years Later

International Business Machines Corp.’s two-year-old settlement of accusations of bribery in China and Korea won federal court approval as the company faces new scrutiny for possible payoffs in other countries.

U.S. District Judge Richard Leon in Washington yesterday signed off on the $10 million agreement between IBM and the U.S. Securities and Exchange Commission initially submitted in March 2011. Leon refused to approve the deal until the company agreed to file reports to him and the regulator on its possible wrongdoing.