International Bus. Machines Corp. Shareholder Alert: Former SEC Attorney Willie Briscoe & Powers Taylor Investigate Possible ...
05 March 2015 - 3:44AM
Business Wire
Former United States Securities and Exchange Commission attorney
Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the
securities litigation firm of Powers Taylor LLP announce that a
federal class action lawsuit has been filed in the United States
District Court for the Southern District of New York against
International Business Machines Corporation (“IBM”) (NYSE: IBM) and
several officers and directors for acts taken during the period of
April 17, 2014 to October 17, 2014 (the “Class Period”).
Based upon the allegations in the class action, the firms are
investigating additional legal claims against the officers and
Board of Directors of IBM. If you are an affected IBM shareholder
and want to learn more about the lawsuit or join the action,
contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214)
239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com, or
Patrick Powers at Powers Taylor LLP, toll free (877) 728-9607, or
via e-mail at shareholder@powerstaylor.com. There is no cost or fee
to you.
According to the complaint, the defendants are alleged to have
violated certain provisions of the Securities Exchange Act of 1934.
Specifically, the complaint alleges, among other things, that
defendants issued false and misleading statements and/or omitted
adverse facts regarding the true value of its Microelectronics
business. According to the complaint, IBM failed to record an
impairment in the value of the Microelectronics business in
conformity with applicable accounting standards, which caused its
earnings during the class period to be materially inflated and
rendered IBM’s 2014 earnings guidance materially false and
misleading. Immediately following this news, IBM stock dropped
significantly.
The Briscoe Law Firm, PLLC is a full service business
litigation, commercial transaction, and public advocacy firm with
more than 20 years of experience in complex litigation and
transactional matters.
Powers Taylor LLP is a boutique litigation law firm that handles
a variety of complex business litigation matters, including claims
of investor and stockholder fraud, shareholder oppression,
shareholder derivative suits, and security class actions.
The Briscoe Law Firm, PLLCWillie Briscoe,
214-239-4568WBriscoe@TheBriscoeLawFirm.comorPowers Taylor
LLPPatrick Powers, 877-728-9607shareholder@powerstaylor.com
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