IBM Class Action: Levi & Korsinsky Reminds International Business Machines Corporation Investors of Ongoing Class Action with Deadline for Lead Plaintiff June 6, 2022 – IBM
New York, New York–(Newsfile Corp. – May 16, 2022) – Levi & Korsinsky, LLP advises investors in International Commercial Machinery Society (“IBM” or the “Company”) IBM of a securities class action.
The lawsuit on behalf of the IBM investors was filed in the United States District Court for the Southern District of New York. Relevant investors have purchased or otherwise acquired certain securities of International Business Machines Corporation between April 4, 2017 and October 20, 2021. Follow the link below for more information and to be contacted by a member of our team:
or contact Joseph E. Levi, Esq. either by email at [email protected] or by phone at (212) 363-7500. There is no cost or obligation for you.
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NEWS from International Business Machines Corporation – IBM NEWS
CASE DETAILS: The Complaint Filed alleges that the Defendants misrepresented and/or concealed that: (i) Revenues and Growth of Strategic Imperatives, Revenues and Growth of CAMSS and Components of CAMSS, and Revenues and Growth of segments of the company have been artificially inflated as a result of the reclassification of revenues from non-strategic to strategic to make such revenues eligible for treatment as strategic imperative revenues; (ii) the Company’s current success and positive future growth prospects regarding its strategic imperative business strategy have been fueled by the improper reclassification of revenues from non-strategic to strategic to make such revenues eligible for treatment as corporate income. Strategic Imperative and therefore (iii) the Company misled the market by portraying the financial performance and future prospects of the Company’s Strategic Imperative as more favorable than it actually was due to the improper reclassification of revenues from non-strategic to strategic to make those revenues eligible for treatment as Strategic Imperatives.
WHAT THIS MEANS FOR SHAREHOLDERS: If you have suffered a loss at IBM during the relevant period, you have until June 6, 2022 ask the court to appoint you as the main plaintiff. Your ability to participate in any collection does not require you to serve as the lead plaintiff.
AT NO CHARGE TO YOU: If you are a class member, you may be entitled to compensation without payment of disbursements or costs. Discuss your rights with our legal team at no cost or obligation.
PROTECT YOUR FINANCIAL INTERESTS: Complete this brief submission form https://www.zlk.com/pslra-1/ibm-loss-submission-form?prid=27325&wire=5 or call 212-363-7500 to discuss the case.
WHY LEVI AND KORSINSKY: Over the past 20 years, the Levi & Korsinsky team has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise in representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven consecutive years, Levi & Korsinsky has ranked in the ISS Securities Class Action Services Top 50 Report as one of the top securities litigation firms in the United States.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/124290