The U.S. Supreme Court on Monday agreed to weigh whether managers of a retiremen...
A man stands near an IBM logo at the Mobile World Congress in Barcelona, Spain, February 25, 2019. REUTERS/Sergio Perez
The justices will hear an appeal by IBM’s retirement plan of a lower court ruling allowing the litigation to proceed. IBM is not a defendant in the case. The plaintiffs have said the Retirement Plans Committee of IBM, which oversees the fund, knew or should have known that the business was overvalued. The committee’s members included senior IBM executives.
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