IBM LAWSUIT ALERT: Levi & Korsinsky Notifies International Business Machines Corporation Investors of a Class Action Lawsuit and Upcoming Deadline

NEW YORK, Jan. 26, 2023

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of IBM investors who were adversely affected by alleged securities fraud between January 18, 2018 and October 16, 2018. Follow the link below to get more information and be contacted by a member of our team:

https://www.zlk.com/pslra-1/ibm-class-action-submission-form?prid=35931&wire=4

IBM investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (i) Strategic Imperatives Revenue growth, CAMSS (the distinct components of "Cloud," "Analytics," "Mobile," "Security," and "Social") and CAMSS Components' revenue growth, and the Company's Segments' revenue growth were artificially inflated as a result of the wrongful reclassification/misclassification of revenues from non-strategic to strategic to make those revenues eligible for treatment as Strategic Imperatives Revenue; and (ii) IBM was materially less successful in growing its Strategic Imperative business, reporting materially higher growth than it actually achieved only by wrongfully reclassifying and misclassifying revenue from non-strategic to strategic thereby reporting publicly materially false Strategic Imperative Revenue.

WHAT'S NEXT? If you suffered a loss in IBM during the relevant time frame, you have until March 14, 2023 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.