SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of International Business Machines Corporation
NEW YORK, Jan. 20, 2023 /PRNewswire/ — 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.
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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,