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Lawsuit accuses IBM of hiding China risks amid NSA spy scandal
Thursday December 12th 2013, 9:19 pm Filed under Shareholder lawsuit

IBM Corp has been sued by a shareholder who accused it of concealing how its ties to what became a major U.S. spying scandal reduced business in China and ultimately caused its market value to plunge more than $12 billion. IBM lobbied Congress hard to pass a law letting it share personal data of customers in China and elsewhere with the U.S. National Security Agency in a bid to protect its ... [News Source]