2022-06-04 | NYSE: IBM | Press release
New York, June 4, 2022 /PRNewswire/ —
WHY: Rosen Law Firm, a global investor rights law firm, reminds buyers of International Business Machines Corporation (NYSE: IBM) securities between April 4, 2017 and October 202021, inclusive (the “Class Period”), of the substantial June 6, 2022 deadline of the main applicant.
SO WHAT: If you purchased IBM securities during the Class Period, you may be entitled to compensation without payment of any disbursements or fees through a contingency fee arrangement.
WHAT TO DO NEXT: To join the IBM class action, go to https://rosenlegal.com/submit-form/?case_id=5104 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for class action information. A class action lawsuit has already been filed. If you wish to act as lead plaintiff, you must move the Court not later than June 6, 2022. A lead plaintiff is a representative party acting on behalf of other class members to direct litigation.
WHY THE ROSEN LAW: We encourage investors to select qualified lawyers with proven track records in leadership roles. Often, companies issuing reviews do not have comparable experience, resources, or significant peer recognition. Many of these firms do not actually handle securities class action lawsuits, but are merely middlemen who refer clients or partner with law firms that actually litigate the cases. Be wise in choosing lawyers. Rosen Law Firm represents investors worldwide, focusing its practice on securities class action and shareholder derivative litigation. Rosen Law Firm has reached the largest securities class action settlement against a Chinese company. Rosen Law Firm was ranked #1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has ranked in the top 4 every year since 2013 and has recovered hundreds of million dollars for investors. In 2019 alone, the company obtained more than $438 million for investors. In 2020, founding partner Laurence Rosen has been named by law360 as a Titan of the Plaintiffs Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: According to the lawsuit, the defendants throughout the class period made false and/or misleading statements and/or failed to disclose that: (1) revenues and growth of strategic imperatives, CAMSS (the sectors of ” Cloud”, “Analytics”, “Mobile”, “Security” and “Social” and CAMSS Components revenue and growth, and Company segment revenue and growth were artificially inflated due to unwarranted reclassification of revenues from non-strategic to strategic to make those revenues eligible for treatment as strategic imperative revenues; (2) IBM’s current success and positive future growth prospects regarding its strategic imperative business strategy were fueled by the reclassification unjustified income from non-strategic to strategic to qualify such income for treatment as strategic imperative income; (3) because of the foregoing, the defendants misled the market by portraying IBM’s financial performance and future prospects as being more favorable than they actually were due to the fraudulent scheme and/or improper reclassification of income from non strategic to strategic to make these revenues eligible for treatment as strategic imperatives; and (4) IBM’s total revenue and segment revenue and growth were artificially inflated as a result of the fraudulent scheme and/or improper reclassification of revenue from non-core to core and/or recognition unjustified income. When the real details entered the market, the lawsuit claims investors suffered damages.
To join the IBM class action, go to https://rosenlegal.com/submit-form/?case_id=5104 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for class action information.
No class has been certified. Until a class is certified, you are not represented by an attorney unless you retain one. You can choose the lawyer of your choice. You can also remain an absent group member and do nothing at this point. An investor’s ability to participate in any potential future upturn does not depend on their status as lead plaintiff.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
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