Update: Market Chatter: IBM Among Companies Sued by EU Over Delays in Border System Rollout

10:02 AM EST, 11/09/2026 (MT Newswires) -- (Updates with EU-Lisa response in the final paragraph.) IBM (IBM), Atos and Leonardo are facing a lawsuit from the European Union over delays in developing the bloc's smart border system, whose rollout led to long queues at airports across Europe, the Financial Times reported Monday. The case was filed in December 2025 by EU-Lisa in an Estonian court, the report said. The agency said it had pursued legal remedies to protect its financial interests after the consortium repeatedly missed delivery deadlines, according to the report. European Union, IBM, Atos and Leonardo did not immediately respond to MT Newswires' requests for comment. EU-Lisa confirmed to MT Newswires that "legal proceedings have been initiated against the consortium" and said it would not comment further because the case is ongoing. "The proceedings concern the system's development phase and have no impact on its current operation," the agency said. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.) Price: 247.08, Change: +2.13, Percent Change: +0.87