Class Action Reports

IBM Class Action: Learn About the IBM Lawsuit

Levi & Korsinsky, LLP

April 8, 2022

Levi & Korsinsky, LLP announces that an IBM class action lawsuit has been filed on behalf of investors who purchased International Business Machines Corporation (IBM) securities between April 4, 2017, and October 20, 2021. For more on the IBM Lawsuit please contact us today.

 

 

 

According to the IBM lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (i) Strategic Imperatives Revenue and growth, CAMSS and CAMSS Components’ revenue and growth, and the Company’s Segments’ revenue and growth were artificially inflated as a result of the wrongful reclassification of revenues from non-strategic to strategic to make those revenues eligible for treatment as Strategic Imperatives Revenue; (ii) the Company’s present success and positive future growth prospects concerning its Strategic Imperative business strategy were being fueled by the wrongful reclassification of revenues from non-strategic to strategic to make those revenues eligible for treatment as Strategic Imperative Revenue and, as a result (iii) the Company misled the market by portraying the Company’s Strategic Imperative’s financial performance and future prospects more favorable than they actually were as a result of the wrongful reclassification of revenues from non-strategic to strategic to make those revenues eligible for treatment as Strategic Imperatives.

 

TO LEARN MORE ABOUT THE IBM CLASS ACTION LAWSUIT, CLICK HERE

 

If you suffered a loss in IBM you have until June 6, 2022,┬áto 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.

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com