U.S. Supreme Court tosses lower court ruling that allowed IBM retirement fund suit
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WASHINGTON (Reuters) - The U.S. Supreme Court on Tuesday threw out a lower court ruling that allowed a lawsuit to proceed against managers of a retirement fund for IBM Corp employees centering on allegations that officials failed to disclose that IBM's microelectronics business was over-valued.The justices sent the case back to the New York-based 2nd U.S. Circuit Court of Appeals for a further legal analysis. IBM is not a defendant in the lawsuit filed in New York federal court by plaintiffs..