IBM Faces EU Antitrust Claim, Insider Trade Fallout

IBM is finding itself again in the cross-hairs of antitrust regulators now that a small firm has filed a formal complaint against the tech giant this week — legal woes compounded by new signs that a former IBM exec would plead guilty in a massive insider-trading scandal. Datamation has the story.

The antitrust charges mark the latest time that IBM has come under scrutiny for its business practices. Last year, European Commission officials responded to a complaint against IBM’s mainframe unit; while in the U.S., Justice Department officials have also been poking into IBM mainframe business practices.

Meanwhile, in other IBM legal news, a former Big Blue executive may be likely to enter a plea to avoid indictment in the largest hedge-fund insider-trading case to date.

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.

Read the full story at Datamation:

IBM Deals With EU Complaint, Insider Trading Settlement

News Around the Web