Fidelity settles lawsuit over access to 'business-critical' Broadcom software


A Broadcom logo appears in this illustration taken August 25, 2025. REUTERS/Dado Ruvic/Illustration

BOSTON, Jan 23 (Reuters) - ‌Fidelity Investments said on Friday it had reached an agreement to ‌settle a lawsuit accusing Broadcom of threatening to cut off its ‌access to software that had become central to the financial firm's systems, creating a risk of outages and trading disruptions.

The Boston-based asset manager moved to voluntarily dismiss a lawsuit it filed in ‍a state court in Massachusetts in November, after ‍Broadcom agreed to continue providing its ‌services and software to one of its subsidiaries, a Fidelity spokesperson said.

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