A subsidiary of Fidelity Investments has filed a lawsuit accusing Broadcom, a technology company, of threatening to cut off its access to critical software that has become a core component of the financial firm’s systems.
A subsidiary of Fidelity Investments has filed a lawsuit against the technology company, $Broadcom (AVGO.US)$ accusing it of threatening to cut off access to critical software that has become a core component of the financial firm’s systems. Unless a judge intervenes to prevent it, there is a risk of ‘massive disruptions’ and trading interruptions.
Fidelity Technology Group, a subsidiary of Boston-based asset management firm Fidelity, claimed in court documents made public on Friday at the Suffolk County Superior Court that its business would suffer “enormous” harm if Broadcom is allowed to terminate its access to the “mission-critical” software after January 21.
$Fidelity National Financial (FNF.US)$ stated that since 2005, it has been using ‘virtualization’…
