EQUITY ALERT: The Rosen Law Firm Announces the Filing of a Securities Class Action against International Bus. Machines Corp. ...
06 March 2015 - 6:43AM
Business Wire
The Rosen Law Firm, P.A., a global investor rights firm,
announces that a class action lawsuit has been filed on behalf of
purchasers of the securities of International Business Machines
Corporation (NYSE:IBM) between April 17, 2014 and October 17, 2014.
The lawsuit seeks to recover investors’ losses under the federal
securities laws.
To join the IBM class action, visit the firm’s website at
http://www.rosenlegal.com/cases-533.html, or contact Phillip Kim,
Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or via email at
pkim@rosenlegal.com or kchan@rosenlegal.com for information on the
class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A
CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU
RETAIN ONE. YOU MAY CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN
AN ABSENT CLASS MEMBER.
According to the lawsuit, the Company issued false and
misleading statements and/or omitted adverse facts regarding the
true value of IBM’s Microelectronics business. On October 20, 2014,
the Company issued a press release announcing that GlobalFoundries
had agreed to “acquire” its Microelectronics business, including
intellectual property rights, for a payment of $1.5 billion from
IBM to GlobalFoundries, and that IBM would be taking a $4.7 billion
charge to earnings on the Microelectronics unit. That same day, the
Company also announced disappointing financial results for its 2014
third quarter. The lawsuit claims that when this adverse news
entered the market, investors were damaged.
If you wish to serve as lead plaintiff, you must move the Court
no later than May 1, 2015. A lead plaintiff is a representative
party acting on behalf of other class members in directing the
litigation. If you wish to join the litigation go to
http://www.rosenlegal.com/cases-533.html or to discuss your rights
or interests regarding this class action, please contact Phillip
Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll-free at
866-767-3653 or via e-mail at pkim@rosenlegal.com or
kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
The Rosen Law Firm, P.A.Laurence Rosen, Esq.Phillip Kim,
Esq.Kevin Chan, Esq.275 Madison Avenue, 34th FloorNew York, NY
10016Tel: 212-686-1060Toll Free: 866-767-3653Fax:
212-202-3827lrosen@rosenlegal.compkim@rosenlegal.comkchan@rosenlegal.comwww.rosenlegal.com
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