IBM Corp., which last year agreed to pay a record $12 billion to resolve data theft charges, is offering to pay another $12 million to resolve a class-action lawsuit filed in federal court.
The settlement, which was announced Monday by a federal court judge in Manhattan, resolves claims that IBM violated federal law in failing to properly protect its computer systems from unauthorized access, a violation of antitrust law.
It also resolves claims by former IBM employees that the company’s top executives used improper tactics to prevent the FBI from investigating fraud in the wake of the Sept. 11, 2001, terrorist attacks.
“We believe that IBM has paid the appropriate amount and that it has paid an appropriate amount to ensure that the allegations are resolved,” a spokeswoman for IBM Corp.’s lawyers said.
The agreement was announced in a motion filed by two former IBM executives, who said the company failed to protect against a data breach that cost them their jobs and that resulted in more than $12,000 in lost earnings.IBM said it had not been served with the lawsuit and declined to comment.