International Business Machines Corporation Class Action Lawsuit - IBM

Company
International Business Machines Corporation (NYSE: IBM)
Lead Plaintiff Deadline
June 6, 2022 (Expired)
Class Period
April 4, 2017 - October 20, 2021

Expired

Lead Plaintiff Deadline

Jun 6, 2022

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Allegations

(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.

Eligibility

In order to be eligible to join the IBM class action lawsuit, you must have incurred a loss on shares of IBM purchased during the class period listed above.

Lead Plaintiff Deadline

If you suffered a loss in IBM during the relevant time frame or pursuant to the relevant offering(s), 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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