On March 15, 2019, the Supreme Court of Texas issued an opinion and judgment in the matter of IBM v. Lufkin Industries, Inc.
The Texas Supreme Court affirmed a lower court’s judgment that IBM knowingly misrepresented its ability to provide the software system Lufkin required, reversed a Court of Appeals ruling that levied $13.5 million in damages against IBM for fraudulent inducement, and remanded the case to the District court for a new trial on Lufkin’s breach-of-contract claim.
