Business Standard

Israel Chemicals files $300 mn lawsuit against IBM for project failure

IANS  |  Jerusalem 

Chemicals company (ICL) filed a $300 million lawsuit on Monday in an against US-based giant for a failed project.

ICL, a manufacturing company headquartered in the coastal city of Tel Aviv, produces fertilisers including potash, phosphate, magnesium and bromine, reported.

According to ICL's claim, the company decided in 2012 to create a harmonious information platform to process mass data for its constant acquisition of companies and mergers.

claimed that it subsequently adopted the project recommended by and defined it as a strategic one.

"hired services to lead the entire project... but each stage of the project was carried out in a failed manner," the lawsuit said.

"IBM's failures have taken various forms, including poor work, lack of knowledge, experience, resources and skilled personnel," claimed.

According to ICL, it invested nearly $300 million in the project, of which more than $100 million were paid to IBM.

In response, IBM described the allegations as "groundless," saying it will defend itself "decisively" in court.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, December 04 2018. 05:36 IST
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