IBM Sues New York Brokerage for $1.7 Million in Illegal Software Use
Ouch! A New York-based brokerage company, Euro Brokers, is being sued by IBM for an undisclosed amount for allegedly downloading unlicensed software valued at more than $1.7 million. According to an InformationWeek article, Euro Brokers was once a legitimate IBM customer, having purchased licenses for Informix database software. But a software audit performed by KPMG revealed that over the course of several years the company had installed additional copies that it hadn’t paid for.
Here’s the chronology of events as described by IBM in the lawsuit: (more…)




