NEW YORK, January 16, 2023 /PRNewswire/ —
WHY: The Rosen Law Firm, a global investor rights law firm, announces that it has filed a class action lawsuit on behalf of purchasers of securities of International Business Machines Corporation (NYSE: IBM ) between January 18, 2018 and October 16, 2018, including both dates (“Teaching Period”). The lawsuit seeks damages for IBM investors under federal securities laws. If you want to be the chief prosecutor, you have to move the court no later than March 14, 2023.
SO WHAT: If you invested in IBM securities during the Class Period, you may be entitled to compensation without paying any fees or out-of-pocket expenses 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 by email [email protected] or [email protected] for information about the class action. A class action lawsuit has already been filed. If you want to be the chief prosecutor, you have to move the court no later than March 14, 2023. The lead plaintiff is the representative party that acts on behalf of the other class members in the conduct of the litigation.
WHY ROSEN’S LAW: We encourage investors to choose a qualified advisor with experience in successful leadership roles. Often the companies issuing the notices do not have comparable experience, resources or any significant recognition from their peers. Be wise in choosing an advisor. The Rosen Law Firm represents investors worldwide, concentrating its practice in securities class actions and equity derivative litigation. The Rosen Law Firm has secured the largest class-action settlement against a Chinese company ever. The 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 been ranked in the top 4 every year since 2013 and has recovered hundreds of millions of dollars for investors . In 2019 alone, the company secured over 438 million dollars for investors. Founding partner in 2020 Laurence Rosen he was named a law360 titan of the bar association. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: According to the lawsuit, throughout the Lecture Period, the defendants made false and/or misleading statements and/or failed to disclose that: (1) Strategic Imperatives Revenue Growth, CAMSS (various components of “Cloud,” “Analytics,” “Mobile,” “Security, ” and “Social”) and CAMSS component revenue growth, and company segment revenue growth were artificially inflated as a result of erroneous reclassification/misclassification of revenue from non-strategic to strategic in order to qualify those revenues for treatment as revenue from strategic imperatives; and (2) IBM was materially less successful in growing its Strategic Imperative business, reporting significantly greater growth than it actually achieved only by erroneously reclassifying and misclassifying revenues from non-strategic to strategic, thereby publicly reporting materially false Strategic Imperative revenues. When the true details came to market, the lawsuit alleges, 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 by email at [email protected] or [email protected] for information about the class action.
No class is certified. Until the class is certified, you will not be represented by an attorney unless you retain one. You can choose a lawyer of your choice. You can also remain an absent member of the class and do nothing at this time. An investor’s ability to participate in a potential future recovery does not depend on whether it is the lead plaintiff.
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Contact details:
Laurence Rosen, Esq.
Phillip Kim, Esq.
Rosen Law Firm, PA
275 Madison Avenue, 40th Floor
New York, NY 10016
Phone: (212) 686-1060
Toll free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
[email protected]
[email protected]
www.rosenlegal.com
SOURCE Rosen Law Firm, PA
