Fidelity Settles Lawsuit over Access to 'Business-Critical' Broadcom Software

Fidelity settles lawsuit over access to 'business-critical' Broadcom software

BOSTON, Jan 23 : Fidelity Investments said on Friday it had reached an agreement to settle a lawsuit accusing Broadcom 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 mov

Broadcom stock drops into weekend as Fidelity settles VMware software dispute — what to watch next week

New York, Jan 24, 2026, 18:27 ET — Market closed. Broadcom Inc. shares dropped 1.7% on Friday, closing at $320.05. The decline followed news that Fidelity Investments settled a lawsuit regarding access to VMware software, which Fidelity described as critical to its operations. The asset manager said Broadcom agreed to keep supplying services and software to its subsidiary, avoiding a court hearing scheduled for next week. “Broadcom’s services to…

Fidelity settles lawsuit over access to ‘business-critical’ Broadcom software

BOSTON, Jan 23 : Fidelity Investments said on Friday it had reached an agreement to settle a lawsuit accusing Broadcom 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 it…