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IBM is settling out of court with a former salesman who sued the company because he wasn’t paid all the commission he said he was owed for helping assemble a $19 million software licensing deal with Branch Banking & Trust.
Attorneys for Bobby Choplin, a former Triangle-based salesman for IBM, on Tuesday notified the federal judge who was to preside over the trial that the two sides had instead agreed to settle the case.
Terms will remain undisclosed because the agreement will include a confidentiality provision, said Matt Lee, one of Choplin’s lawyers.
But “we can tell you that it was settled to the parties’ mutual satisfaction,” Lee said.
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