The US Supreme Court refused to revive a $1.6 billion award against International Business Machines Corp., which was accused by KKR & Co.’s BMC Software of poaching a client in violation of a licensing agreement.

The U.S. Supreme Court on Monday declined to take up a contract dispute between IBM and rival BMC Software that previously resulted in a $1.6 billion judgment for BMC.

Shares of International Business Machines Corp. (IBM) edged higher in pre-market trade on Tuesday after reaching an all-time high in the previous session, even as broader markets struggled. The stock’s resilience follows back-to-back courtroom victories.

The US software giant IBM avoids a fine of 1.6 billion US dollars after the US Supreme Court refuses to hear the case.

Big Blue's legal eagles soar on both sides of the pond IBM scored a pair of legal wins this week: The US Supreme Court declined to reinstate a $1.6 billion judgment previously awarded to BMC Software,