An investigation on behalf of current long term investors in International Business Machines Corporation (NYSE:IBM) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 08/08/2022 -- An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of International Business Machines Corporation.
Investors who are current long term investors in International Business Machines Corporation (NYSE: IBM) shares, have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm for investors in NYSE: IBM stocks follows a lawsuit filed against International Business Machines Corporation over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: IBM stocks, concerns whether certain International Business Machines Corporation directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that between April 4, 2017, and October 20, 2021, the Defendants overstated IBM's revenues from its strategic side of the business, by misclassifying and/or shifting revenues from its non-strategic mainframe part of the business, to appease market expectations about the Company's future prospects and boost incentive compensation for its executives
Those who purchased shares of International Business Machines Corporation (NYSE: IBM) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.