ACCESS Newswire
20 Jan 2023, 21:13 GMT+10
LOS ANGELES, CA / ACCESSWIRE / January 20, 2023 / The Schall Law Firm, a 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) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between January 18, 2018 and October 16, 2018, inclusive (the ''Class Period''), are encouraged to contact the firm before March 14, 2023.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the 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 through the firm's website at www.schallfirm.com, or by email at [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 take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. IBM artificially inflated its Strategic Imperatives Revenue and growth, CAMSS (the sectors of 'Cloud,' 'Analytics,' 'Mobile,' 'Security,' and 'Social') revenue and growth, and other related business metrics through a scheme of wrongfully reclassifying revenues from non-strategic to strategic. The Company's growth prospects in Strategic Imperatives were fueled by this reclassification scheme, not 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 damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]
SOURCE: The Schall Law Firm
Get a daily dose of Pittsburgh Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Pittsburgh Star.
More InformationFRANKLIN, Tennessee: Hundreds of thousands of Nissan and Infiniti vehicles are being recalled across the United States due to a potential...
(Photo credit: Eric Hartline-Imagn Images) Zack Wheeler threw a dazzling one-hitter with 12 strikeouts as the Philadelphia Phillies...
(Photo credit: David Banks-Imagn Images) The Chicago Cubs have been beset by pitching injuries this season, with Jameson Taillon...
(Photo credit: Ron Chenoy-Imagn Images) The Chicago White Sox didn't win their 31st game of 2024 until Aug. 21 en route to setting...
(Photo credit: Bob DeChiara-Imagn Images) As the No. 2 overall pick in the 2024 draft, Cincinnati Reds right-hander Chase Burns certainly...
(Photo credit: John E. Sokolowski-Imagn Images) Addison Barger hit an RBI single with two outs in the 11th inning and the Toronto...
MOSCOW, Russia: This week, Russia became the first country to officially recognize the Taliban as the government of Afghanistan since...
CAIRO, Egypt: This week, both Hamas and Israel shared their views ahead of expected peace talks about a new U.S.-backed ceasefire plan....
WASHINGTON, D.C.: The Trump administration has made public a visa decision that would usually be kept private. It did this to send...
MADRID, Spain: Liverpool footballer Diogo Jota and his younger brother, André Silva, have died in a car accident in Spain. Spanish...
LONDON, U.K.: An unrelenting heatwave sweeping across Europe has pushed early summer temperatures to historic highs, triggering deadly...
President Donald Trump's plans to build a space-based Golden Dome missile defense shield have drawn immediate criticism from China,...