UPDATE 1-U.S. Supreme Court tosses lower court ruling that allowed IBM retirement fund suit
The U.S. Supreme Court on
Tuesday threw out a lower court ruling that allowed a lawsuit to
proceed against managers of a retirement fund for IBM
Corp employees centering on allegations that officials
failed to disclose that IBM’s microelectronics business was
over-valued.
Tuesday threw out a lower court ruling that allowed a lawsuit to
proceed against managers of a retirement fund for IBM
Corp employees centering on allegations that officials
failed to disclose that IBM’s microelectronics business was
over-valued.
Posted by Reuters
