Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, March 09, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises International Business Machines Corporation (“IBM” or “the Company”) (NYSE: IBM) investors that a lawsuit filed on behalf of investors that purchased securities IBM, Inc (NYSE: IBM) between January 18, 2018 and October 16, 2018, inclusive (the ''Class Period''
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
The Complaint alleges that the Company made false and misleading statements to the market by artificially inflating its revenue and growth in Strategic Imperatives, CAMSS, and other related business metrics through a scheme of wrongfully reclassifying revenues. As a result, the Company's growth prospects were not based on organic growth, but rather on this scheme, making their public statements false and materially misleading throughout the class period. As a result, investors suffered damages when the truth was revealed.
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The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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