IBM executives artificially boosted stock price by reclassifying revenues, lawsuit claims

clock • 2 min read
There have been multiple allegations of misconduct at IBM in recent years
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There have been multiple allegations of misconduct at IBM in recent years

IBM investors claim the company misled them by shifting mainframe revenue to more modern departments like cloud and mobile technology, in order to prop up its stock price.

In a new securities class action lawsuit, the claimants allege that IBM made false and misleading statements to the market and moved billions of dollars in revenue from its non-strategic mainframe ...

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