IBM Shareholder Drops Suit Over Cooperation With NSA
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An International Business Machines Corp. shareholder withdrew a lawsuit claiming the company’s cooperation with a National Security Agency eavesdropping program caused a drop in its China sales.
The Louisiana Sheriffs’ Pension and Relief Fund dropped the securities fraud suit after investigating its claims against IBM, lawyers for the fund said in a letter to U.S. District Judge Denise Cote made public today.