SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of International Business Machines Corporation - IBM
ACCESSWIRE
24 Jan 2023, 03:55 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 newaction@pomlaw.comor 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
Subscribe and Follow
Get a daily dose of Tennessee Daily news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
News RELEASES
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Tennessee Daily.
More Information
39
℉
Recession fears fade as investors weigh into U.S. stocks
NEW YORK, New York - Recession fears faded on Wall Street Thursday as annualized 4th quarter GDP (gross domestic product) ...
Officials cautious as lower mortgage rates increases home buying
WASHINGTON D.C.: In December 2022, US existing home sales declined to a 12-year low, but lower mortgage rates raised cautious ...
South Korean exports fall 2.7% in first 20 days in January
SEOUL, South Korea: Korea Customs Service data released this week showed that South Korean exports for the first 20 days ...
Virginia expects 1,000 jobs as Amazon builds cloud computing center
SEATTLE, Washington: Amazon.com's cloud services division, Amazon Web Services (AWS), has announced that it will expand its data centers in ...
U.S. stocks faint after bull goes into hiding
NEW YORK, New York - U.S. stocks crumbled on Wednesday as the extended rally on Wall Street came to an ...
Ireland had highest EU budget surplus in third quarter 2022
DUBLIN, Ireland: Ireland reported a higher budget surplus than any other country among the 27-member European Union for the third ...
US moving towards offering annual Covid vaccines to most Americans
WASHINGTON D.C.: As part of its efforts to simplify the national COVID-19 vaccine strategy, the US Food and Drug Administration ...
December crossings of US border set record
WASHINGTON D.C.: US authorities said this week that a surge in Cubans and Nicaraguans arriving at the US border with ...
Officials cautious as lower mortgage rates increases home buying
WASHINGTON D.C.: In December 2022, US existing home sales declined to a 12-year low, but lower mortgage rates raised cautious ...
Hawaii mourns death of last island princess
HONOLULU, Hawaii: The casket bearing Abigail Kinoiki Kekaulike Kawananakoa, long considered the last Hawaiian princess, has gone on public viewing ...
As yearly output declines, experts say US manufacturing in recession
WASHINGTON D.C.: Based on a range of measurements, US manufacturing could have entered a recession in the fourth quarter of ...
After climbing onto roof, five inmates breakout of Missouri prison
ST. LOUIS, Missouri: Missouri police report that all five prisoners who escaped last week from St. Francois County Detention Center ...
