2022-05-03 | NYSE: IBM | Press release

NEW YORK, May 3, 2022 /PRNewswire/ — The law firm Klein announces that a class action lawsuit 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 for October 20, 2021

Lead Applicant Deadline: June 6, 2022

No obligation or cost to you.

Learn more about your recoverable losses at IBM:

https://www.kleinstocklaw.com/pslra-1/international-business-machines-corporation-loss-submission-form?id=26594&from=4

NEWS from International Business Machines Corporation – IBM NEWS

CLASS ACTION CASE DETAILS: The Complaint filed alleges that International Business Machines Corporation made materially false and/or misleading statements and/or failed to disclose that: (i) Revenues and Growth of Strategic Imperatives, Revenues and Growth of CAMSS and components of CAMSS, and revenues and growth has been artificially inflated due to the unwarranted reclassification of revenues from non-strategic to strategic to make such revenues eligible for treatment as strategic imperatives revenues; (ii) the Company’s current success and positive future growth prospects regarding its strategic imperative business strategy have been fueled by the improper reclassification of revenues from non-strategic to strategic to make such revenues eligible for treatment as corporate income. Strategic Imperative and therefore (iii) the Company misled the market by portraying the financial performance and future prospects of the Company’s Strategic Imperative as more favorable than it actually was due to the improper reclassification of revenues from non-strategic to strategic to make those revenues eligible for treatment as Strategic Imperatives.

WHAT THIS MEANS FOR YOU AS A SHAREHOLDER: If you have suffered a loss at IBM, you have until June 6, 2022 ask the court to obtain the status of principal plaintiff. Your ability to participate in any collection does not require you to serve as the lead plaintiff.

AT NO CHARGE TO YOU: If you purchased IBM securities during the affected period, you may be entitled to compensation without payment of any out-of-pocket.

HOW TO PROTECT YOUR FINANCIAL INTERESTS: For more information on IBM’s lawsuit, please contact J. Klein, Esq. by phone at 212-616-4899 or click on this link: https://www.kleinstocklaw.com/pslra-1/international-business-machines-corporation-loss-submission-form?id=26594&from=4.

ABOUT KLEIN LAW FIRM

J. Klein, Esq. represents investors and participates in securities litigation involving financial fraud across the country. Klein Law Firm is a litigation firm with experience in a wide range of areas, including securities law, corporate finance and commercial litigation. Since 2011, our experienced lawyers have achieved superior results for our clients with a personalized approach. Lawyer advertisement. Prior results do not guarantee similar results.

CONTACT:

J. Klein, Esq.

Empire State Building

350 Fifth Avenue

59th floor

New York, NY 10118

jk@kleinstocklaw.com

Telephone: (212) 616-4899

www.kleinstocklaw.com