Company Website:
http://www.rosenlegal.com/cases-533.html
NEW YORK -- (Business Wire)
The Rosen Law Firm, a global investor rights firm, reminds purchasers of
the securities of International Business Machines Corporation (NYSE:
IBM) from April 17, 2014 through October 17, 2014 of the important May
1, 2015 lead plaintiff deadline. The lawsuit seeks to recover damages
for IBM investors 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 the firm’s website at 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.
Contacts:
The Rosen Law Firm, P.A.
Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin
Chan, Esq.
275 Madison Avenue, 34th Floor
New York,
NY 10016
Tel: 212-686-1060
Toll Free: 866-767-3653
Fax:
212-202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com
Source: The Rosen Law Firm, P.A.
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