Co-Op Insurance sues IBM for more than $200 million

U.K.-based Co-Op Insurance Service Ltd. has filed a £155-million ($203 million) lawsuit against U.S.-based International Business Machines Corp. for failing to deliver a new IT platform, The Register reported. Co-Op's insurance arm CIS General Insurance Ltd. said that IBM U.K. Ltd. had failed to deliver the first stage of a £175 million contract even 15 months after its deadline.

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