Expired
Lead Plaintiff Deadline
Mar 14, 2023
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The filed complaint alleges that International Business Machines Corporation made materially false and/or misleading statements and/or failed to disclose that:
(i) Strategic Imperatives Revenue growth, CAMSS (the distinct components of “Cloud,” “Analytics,” “Mobile,” “Security,” and “Social”) and CAMSS Components’ revenue growth, and the Company’s Segments’ revenue growth were artificially inflated as a result of the wrongful reclassification/misclassification of revenues from non-strategic to strategic to make those revenues eligible for treatment as Strategic Imperatives Revenue; and (ii) IBM was materially less successful in growing its Strategic Imperative business, reporting materially higher growth than it actually achieved only by wrongfully reclassifying and misclassifying revenue from non-strategic to strategic thereby reporting publicly materially false Strategic Imperative Revenue.
In order to be eligible to join the IBM class action lawsuit, you must have incurred a loss on shares of IBM purchased during the class period listed above.
If you suffered a loss in IBM during the relevant time frame or pursuant to the relevant offering(s), you have until March 14, 2023 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
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