SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of International Business Machines Corporation

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of International Business Machines Corporation - IBM

ACCESS Newswire
23 Jan 2023, 23:25 GMT+10

NEW YORK, NY / ACCESSWIRE / January 23, 2023 / Pomerantz LLP is investigating claims on behalf of investors of International Business Machines Corporation ('IBM' or the 'Company') (NYSE:IBM). Such investors are advised to contact Robert S. Willoughby at [email protected]or 888-476-6529, ext. 7980.

The investigation concerns whether IBM and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On October 16, 2018, post-market, IBM issued a press release announcing its preliminary results for the third quarter of 2018. Among other items, IBM reported revenue of $18.8 billion, representing a decline of 2%, as well as slowing growth in its Strategic Imperatives segment.

On this news, IBM's stock price fell $10.57 per share, or 7.63%, to close at $128.04 on October 17, 2018.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

SOURCE: Pomerantz LLP

View source version on accesswire.com:
https://www.accesswire.com/736325/SHAREHOLDER-ALERT-Pomerantz-Law-Firm-Investigates-Claims-On-Behalf-of-Investors-of-International-Business-Machines-Corporation--IBM

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Illinois Intelligencer.

More Information

null in null

North America

Section

Canada-US trade talks resume after Carney rescinds tech tax

TORONTO, Canada: Canadian Prime Minister Mark Carney announced late on June 29 that trade negotiations with the U.S. have recommenced...

"Party is united, Country is hot": Trump announces 'Big Beautiful Bill' signing celebration

Washington DC [US], July 4 (ANI): As the US Congress passed Republicans' 'One Big Beautiful Bill', President Donald Trump expressed...

George Russell expects Mercedes return despite Max Verstappen rumors

(Photo credit: David Kirouac-Imagn Images) George Russell believes he'll remain with Mercedes in 2026, even as his boss Toto Wolff...

US still giving weapons to Kiev Trump

Washington is trying to help Ukraine but prioritizing American interests, the US leader has said President Donald Trump has denied...

US still 'giving weapons' to Kiev - Trump

Washington is trying to help Ukraine but prioritizing American interests, the US leader has said ...

Trumps Big Beautiful Bill passes US House

Republicans have secured passage of the presidents sweeping tax cuts and spending reforms after intense last-minute negotiations ...

International

Section