2022-05-09 | NYSE: IBM | Press release
Los Angeles, Calif.–(Newsfile Corp. – May 9, 2022) – Schall law firma national shareholder rights litigation firm, reminds investors of a class action lawsuit against International Business Machines Corporation (“IBM” or “the Company”) (NYSE: IBM) for violations of §§10(b) and 20( (a) the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the United States Securities and Exchange Commission.
Investors who purchased the Company’s securities between April 4, 2017 and October 20, 2021 inclusive (the “Class Period”) are invited to contact the Company before June 6, 2022.
If you are a shareholder who has suffered a loss, Click here to participate.
We also encourage you to contact Brian Schall of Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us via the firm’s website at www.schallfirm.comor by e-mail to [email protected]
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to do nothing, you can remain an absent member of the group.
According to the complaint, the company made false and misleading statements to the market. IBM artificially inflated revenue and growth from strategic imperatives, CAMSS revenue and growth (the “Cloud”, “Analytics”, “Mobile”, “Security” and “Social” segments), and other metrics related businesses via a scheme to reclassify revenues from non-strategic to strategic. The Company’s growth prospects in Strategic Imperatives were actually fueled by this reclassification plan, not by organic growth. Based on these facts, the Company’s public statements were false and materially misleading throughout the Class Period. When the market learned the truth about IBM, investors suffered damage.
Join the file to recoup your losses.
Schall Law Firm represents investors worldwide and specializes in securities class action and shareholder rights litigation.
This press release may be considered attorney advertising in certain jurisdictions under applicable law and ethical requirements.
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