Law firm drops Holocaust suit against IBM

A U.S. law firm is dropping a class-action suit against IBM Corp. over its alleged business ties to the Nazis during the Holocaust. The action will be “voluntarily dismissed,” the law firm Cohen, Milstein, Hausfeld & Toll PLLC said in a statement Thursday.

The firm had announced the lawsuit last month, charging that IBM “aided and abetted crimes against humanity” by providing the punch-card systems, called Hollerith machines, used to catalogue and process victims of the Nazi concentration camps [see story – IBM faces suit over Nazi-era ties].

By dropping the suit, the firm seeks to speed payment of compensation to millions of victims of the Nazis, lead plaintiffs’ attorney Michael Hausfeld said.