Mexican mobile phone operator Iusacell SA de CV sued IBM Corp on Wednesday, accusing the U.S. technology giant of making fraudulent representations that caused it to lose $2.5 billion in profits.
The lawsuit, filed in federal district court in New York, was heavily redacted, leaving many of the claims unclear. But the complaint centered on a contract that Iusacell said IBM induced it to enter into in Mexico.
"Events subsequent to the execution of the agreement have revealed that IBM both knowingly misrepresented and wrongfully concealed from Iusacell material facts both before and during the parties' relationship," Iusacell said in the complaint.
Iusacell is co-owned by television and retail mogul Ricardo Salinas' Grupo Salinas and broadcast and pay TV giant Grupo Televisa.
Lebanese President Joseph Aoun has denounced a wave of Israeli air strikes on southern Lebanon as...
A Ukrainian court has handed down the first jail sentence for life against a Russian soldier...
Hamas fighters entrenched in Rafah, the southernmost area of Gaza now under Israeli control, may soon...
What future is there for Palestinians in Gaza? The announcement of the ceasefire brought profound relief,...
