International Business Machines Corporation Class Action Lawsuit (IBM Lawsuit)

Levi & Korsinsky, LLP announces that a IBM class action lawsuit (International Business Machines Corporation Class Action Lawsuit) has been filed on behalf of investors who purchased International Business Machines Corporation (IBM) securities between April 4, 2017 and October 20, 2021. For more on the IBM Lawsuit please contact us today.

According to the International Business Machines Corporation lawsuit, throughout the Class Period defendants made 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.

If you suffered a loss in International Business Machines Corporation you have until June 6, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

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