Fidelity settles lawsuit over access to 'business-critical' Broadcom software
Fidelity Investments said on Friday it had reached an agreement to settle a lawsuit accusing Broadcom of threatening to cut off its access to software that had become central to the financial firm's systems, creating a risk of outages and trading disruptions. The Boston-based asset manager moved to voluntarily dismiss a lawsuit it filed in a state court in Massachusetts in November, after Broadcom agreed to continue providing its services and software to one of its subsidiaries, a Fidelity spokesperson said. "Broadcom's services to Fidelity will continue uninterrupted, and there will be no impact on Fidelity's business operations, customers, associates, or business partners," the spokesperson said in a statement.
Fidelity Investments said on Friday it had reached an agreement to settle a lawsuit accusing Broadcom of threatening to cut off its access to software that had become central to the financial firm's systems, creating a risk of outages and trading disruptions. The Boston-based asset manager moved to voluntarily dismiss a lawsuit it filed in a state court in Massachusetts in November, after Broadcom agreed to continue providing its services and software to one of its subsidiaries, a Fidelity spokesperson said. "Broadcom's services to Fidelity will continue uninterrupted, and there will be no impact on Fidelity's business operations, customers, associates, or business partners," the spokesperson said in a statement.
What's Your Reaction?
:max_bytes(150000):strip_icc()/GettyImages-2187410260-5afe56694791404f99c253dd8d5abe6a.jpg?#)
