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&Delayed Nyse&-&07/14 04:01:38 pm
Business Machines : IBM SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against International Business Machines Corporation
03/13/2015 | 09:01pm US/Eastern
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Kahn Swick & Foti, LLC (&KSF&) and KSF partner, the former Attorney
General of Louisiana, Charles C. Foti, Jr., remind investors that they
have until May 1, 2015 to file lead plaintiff applications in a
securities class action lawsuit against International Business Machines
Corporation (NYSE: IBM) if they purchased the Company&s securities
between April 17, 2014 and October 17, 2014, inclusive (the &Class
Period&). This action is pending in the United States District Court for
the Southern District of New York.
What You May Do
If you purchased shares of IBM and would like to discuss your legal
rights and how this case might affect you and your right to recover for
your economic loss, you may, without obligation or cost to you, call
toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn ().
If you wish to serve as a lead plaintiff in this class action, you must
petition the Court by May 1, 2015.
About the Lawsuit
IBM and certain of its executives are charged with failing to disclose
material information during the Class Period, violating federal
securities laws.
On October 20, 2014, IBM announced that Globalfoundries had agreed to
&acquire& its micro-chip manufacturing operations, or &Microelectronics&
business, for a payment of $1.5 billion from IBM to Globalfoundries, and
that IBM would be taking a $4.7 billion charge on the Microelectronics
unit, which included an impairment to reflect fair value less estimated
costs to sell the Microelectronics business and other estimated costs
related to the transaction. IBM also announced disappointing financial
results for its 2014 third quarter and reduced its 2014 guidance,
stating that earnings per share for 2014 would decline between 2%-4%
compared to $16.64 per share in 2013.
On this news, the price of IBM&s shares plummeted.
About Kahn Swick & Foti, LLC
To learn more about KSF, whose partners include the Former Louisiana
Attorney General, Charles C. Foti, Jr., and other lawyers with
significant experience litigating complex securities class actions
nationwide on behalf of both institutional and individual shareholders,
you may visit .
(C) Business Wire 2015
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