NEW
YORK, June 3, 2022 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of International Business
Machines Corporation (NYSE: IBM).
To receive updates on the lawsuit, fill out the
form:
https://claimyourloss.com/securities/international-business-machines-corporation-loss-submission-form/?id=28009&from=4
The lawsuit seeks to recover losses for shareholders who
purchased IBM between April 4, 2017
and October 20, 2021.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
June 6, 2022 to petition the
court. Your ability to share in any recovery doesn't require that
you serve as a lead plaintiff.
According to a filed complaint, International Business Machines
Corporation issued materially 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.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
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SOURCE Jakubowitz Law