Cision PR Newswire
IBM ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of March 14, 2023 in the Class Action Filed on Behalf of International Business Machines Corporation Shareholders
News provided byThe Klein Law Firm
Jan 24, 2023, 5:45 AM ET
NEW YORK, Jan. 24, 2023 /PRNewswire/ -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of International Business Machines Corporation (NYSE: IBM) alleging that the Company violated federal securities laws.
Class Period: January 18, 2018 to October 16, 2018
Lead Plaintiff Deadline: March 14, 2023
No obligation or cost to you.
Learn more about your recoverable losses in IBM:
International Business Machines Corporation NEWS - IBM NEWS
CLASS ACTION CASE DETAILS: The filed complaint alleges that International Business Machines Corporation made materially false and/or misleading statements and/or failed to disclose that: (i) Strategic Imperatives Revenue growth, CAMSS (the distinct components of "Cloud," "Analytics," "Mobile," "Security," and "Social") and CAMSS Components' revenue growth, and the Company's Segments' revenue growth were artificially inflated as a result of the wrongful reclassification/misclassification of revenues from non-strategic to strategic to make those revenues eligible for treatment as Strategic Imperatives Revenue; and (ii) IBM was materially less successful in growing its Strategic Imperative business, reporting materially higher growth than it actually achieved only by wrongfully reclassifying and misclassifying revenue from non-strategic to strategic thereby reporting publicly materially false Strategic Imperative Revenue.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in IBM you have until March 14, 2023 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you purchased IBM securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.
HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the IBM lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link: https://www.kleinstocklaw.com/pslra-1/ibm-lawsuit-loss-submission-form?id=35848&from=4.
ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.
View original content:https://www.prnewswire.com/news-releases/ibm-alert-the-klein-law-firm-announces-a-lead-plaintiff-deadline-of-march-14-2023-in-the-class-action-filed-on-behalf-of-international-business-machines-corporation-shareholders-301728811.html
SOURCE The Klein Law Firm