First Financial Management Corp. has filed a $150 million lawsuit on behalf of its bank data processing subsidiary against International Business Machines Corp., citing breach of contract.

The suit contends that IBM has failed to supply the manpower necessary meet its contractual obligations for installing software and training personnel at the data processing clients of the First Financial unit, Basis Information Technologies Inc.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.