IBM, Black Salesman Settle Suit Over $2.4 Million in Commissions

International Business Machines Corp. and a Black software sales representative have settled a lawsuit alleging that fraud and race bias caused the rep’s commissions on a pair of 2017 deals to be cut by approximately $2.4 million.

“This matter was settled to the parties’ mutual satisfaction,” Matthew E. Lee of Whitfield Bryson LLP told Bloomberg Law in a Tuesday email. He represented Jerome Beard in the case.

Terms of the settlement weren’t publicly disclosed and Lee declined to share details of the agreement. Counsel for IBM didn’t immediately respond Tuesday to Bloomberg Law’s request for comment.

The parties filed a ...