SAN DIEGO, June 13, 2022 (GLOBE NEWSWIRE) — Johnson Fistel, LLP investigating potential claims on behalf of International Business Machines Corporation (“IBM” or the “Company”) (NYSE: IBM) against some of its officers and directors.
If you continuously own IBM shares since/before April 4, 2017, you can click or copy and paste the link below into a browser to join this share: https://www.cognitoforms.com/JohnsonFistel/InternationalBusinessMachinesCorporation
Recently, a class action lawsuit was filed in Federal Court against the Company. The Complaint filed in this Class Action alleges that prior to and throughout the Class Period, the Defendants made materially false and/or misleading statements, and failed to disclose material adverse facts regarding the activities , operations and outlook of the company. Specifically, defendants overstated IBM’s revenue from its strategic side of the business, misclassifying and/or shifting revenue from its non-strategic mainframe portion of the business, in order to assuage expectations. of the market regarding the company’s future prospects and to increase the incentive compensation of its executives. This misconduct began before the commencement of the remedy period and continued throughout. The complaint alleges that the defendants’ conduct violates sections 10(b) and 20(a) of the Exchange Act of 1934.
If you are a current long-term IBM shareholder holding stock since/before April 4, 2017, you may have standing to hold IBM harmless from the alleged harm caused by Company officers and directors by making them personally liable. You may also be able to help reform the company’s corporate governance to prevent future wrongdoing.
If you want to know more about the investigation, please contact Senior Analyst Jim Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing, please include a phone number.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivatives and securities class actions. Johnson Fistel is seeking to recover losses incurred due to violations of federal securities laws. For more information about the firm and its lawyers, visit http://www.johnsonfistel.com. Lawyer advertisement. Past results do not guarantee future results.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
