NEW YORK, May 24, 2022 /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: April 4, 2017 to October 20, 2021
Lead Plaintiff Deadline: June 6, 2022
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 and growth, CAMSS and CAMSS Components’ revenue and growth, and the Company’s Segments’ revenue and growth were artificially inflated as a result of the wrongful reclassification of revenues from non-strategic to strategic to make those revenues eligible for treatment as Strategic Imperatives Revenue; (ii) the Company’s present success and positive future growth prospects concerning its Strategic Imperative business strategy were being fueled by the wrongful reclassification of revenues from non-strategic to strategic to make those revenues eligible for treatment as Strategic Imperative Revenue and, as a result (iii) the Company misled the market by portraying the Company’s Strategic Imperative’s financial performance and future prospects more favorable than they actually were as a result of the wrongful reclassification of revenues from non-strategic to strategic to make those revenues eligible for treatment as Strategic Imperatives.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in IBM you have until June 6, 2022 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/international-business-machines-corporation-loss-submission-form?id=27558&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.
J. Klein, Esq.
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New York, NY 10118
Telephone: (212) 616-4899
SOURCE The Klein Law Firm