IBM shareholder drops NSA lawsuit over China biz loss

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An IBM shareholder has decided to drop a lawsuit filed against the company alleging its cooperation with the U.S. National Security Agency (NSA) in a cyberspying scheme had resulted in a loss of business in China.

The Louisiana Sheriffs’ Pension & Relief Fund had alleged the loss of Chinese business caused IBM’s market value to dip by nearly US$13 billion, and sued Big Blue for failing to reveal its involvement in NSA cyberspying program.

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Story added 7. May 2014, content source with full text you can find at link above.