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IBM shareholder sues company, alleging it overvalued chip unit
Monday March 02nd 2015, 5:38 pm Filed under Shareholder lawsuit

By Jonathan Stempel NEW YORK (Reuters) - IBM Corp was sued on Monday by a shareholder that said it committed securities fraud by failing to write down a money-losing semiconductor unit before agreeing to pay another company $1.5 billion to take that unit off its hands. The lawsuit filed in Manhattan federal court arose from IBM's announcement last Oct. 20 that it would sell the unit to ... [News Source]