By Nate Raymond
Publication Date: 2026-01-23 22:11:00
BOSTON, Jan 23 (Reuters) – Fidelity Investments said on Friday it had reached an agreement to settle a lawsuit accusing Broadcom (AVGO.O) of threatening to cut off its access to software that had become central to the financial firm’s systems, creating a risk of outages and trading disruptions.
The Boston-based asset manager moved to voluntarily dismiss a lawsuit it filed in a state court in Massachusetts in November, after Broadcom agreed to continue providing its services and software to one of its subsidiaries, a Fidelity spokesperson said.
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“Broadcom’s services to Fidelity will continue uninterrupted, and there will be no impact on Fidelity’s business operations, customers, associates, or business partners,” the spokesperson said in a statement.
The deal was announced ahead of a hearing that was set for next week on a request by Fidelity Technology Group for an injunction that would prevent Broadcom from terminating its…
