Tag Archive for: Action

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages International Business Machines Corporation to Secure Counsel Before Important Deadline in Securities Class Action Filed by the Firm – IBM

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New York, New York–(Newsfile Corp. – January 28, 2023) – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of International Business Machines Corporation IBM between January 18, 2018 and October 16, 2018, both dates inclusive (the “Class Period”) of the important March 14, 2023 lead plaintiff deadline.

SO WHAT: If you invested in IBM securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the IBM class action, go to https://rosenlegal.com/submit-form/?case_id=5104 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March 14, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super…

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CLASS ACTION ALERT: The Law Of

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NEW YORK, Jan. 23, 2023

NEW YORK, Jan. 23, 2023 /PRNewswire/ — Attention International Business Machines Corporation (“IBM”) (NYSE: IBM) shareholders:

The Law Offices of Vincent Wong announce that a class action lawsuit has commenced on behalf of investors who purchased between January 18, 2018 and October 16, 2018.

If you suffered a loss on your investment in IBM, contact us about potential recovery by using the link below. There is no cost or obligation to you.

https://www.wongesq.com/pslra-1/ibm-loss-submission-form?prid=35820&wire=4

ABOUT THE ACTION: The class action against IBM includes allegations that the Company made materially false and/or misleading statements and/or failed to disclose that: (i) Strategic Imperatives Revenue growth, CAMSS (the distinct components of “Cloud,” “Analytics,” “Mobile,” “Security,” and “Social”) and CAMSS Components’ revenue growth, and the Company’s Segments’ revenue growth were artificially inflated as a result of the wrongful reclassification/misclassification of revenues from non-strategic to strategic to make those revenues eligible for treatment as Strategic Imperatives Revenue; and (ii) IBM was materially less successful in growing its Strategic Imperative business, reporting materially higher growth than it actually achieved only by wrongfully reclassifying and misclassifying revenue from non-strategic to strategic thereby reporting publicly materially false Strategic Imperative Revenue.

DEADLINE: March 14, 2023

Aggrieved IBM investors only have until March 14, 2023 to request that the Court appoint you as lead plaintiff. You are not required to act as a lead plaintiff in order to share in any recovery.

Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
E-Mail: [email protected]

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EQUITY ALERT: Rosen Law Firm Files Securities Class Action Lawsuit Against International Business Machines Corporation – IBM

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NEW YORK–()–Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of International Business Machines Corporation (NYSE: IBM) between January 18, 2018 and October 16, 2018, both dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for IBM investors under the federal securities laws.

To join the IBM class action, go to https://rosenlegal.com/submit-form/?case_id=5104 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Strategic Imperatives Revenue growth, CAMSS (the distinct components of “Cloud,” “Analytics,” “Mobile,” “Security,” and “Social”) and CAMSS components’ revenue growth, and the Company’s Segments’ revenue growth were artificially inflated as a result of the wrongful reclassification/misclassification of revenues from non-strategic to strategic to make those revenues eligible for treatment as Strategic Imperatives Revenue; and (2) IBM was materially less successful in growing its Strategic Imperative business, reporting materially higher growth than it actually achieved only by wrongfully reclassifying and misclassifying revenue from non-strategic to strategic thereby reporting publicly materially false Strategic Imperative Revenue. When the true details entered the market, the lawsuit claims that investors suffered damages.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March 14, 2023. 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 https://rosenlegal.com/submit-form/?case_id=5104 or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at [email protected] or [email protected].

NO CLASS HAS YET…

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Internet AppSec Remains Abysmal & Requires Sustained Action in 2023

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Can we build a defensible Internet? To improve the security of the Internet and the cloud applications it supports in 2023, we need to do better, experts say. Much better.

At the beginning of 2022, companies famously scrambled to hunt down and mitigate a critical vulnerability in a widespread component of many applications: the Log4j library. The following 12 months of Log4Shell woes highlighted that most companies do not know all the software components that make up their Internet-facing applications, do not have processes to regularly check configurations, and fail to find ways to integrate and incentivize security among their developers. 

The result? With the post-pandemic increase in remote work, many companies have lost their ability to lock down applications and remote workers and consumers are more vulnerable to cyberattacks from every corner, says Brian Fox, chief technology officer for Sonatype, a software security firm.

“Perimeter defense and legacy behavior worked when you had physical perimeter security — basically everyone was going into an office — but how do you maintain that when you have a workforce that increasingly works from home or a coffee shop?” he says. “You’ve stripped away those protections and defenses.”

As 2022 nears its close, companies continue to struggle against insecure applications, vulnerable software components, and the large attack surface area posed by cloud services.

The Software Supply Chain’s Gaping Holes Persist

Even though software supply chain attacks grew 633% in 2021, companies still do not have the processes in place to do even simple security checks, such as weeding out known vulnerable dependencies. In March, for example, Sonatype found that 41% of downloaded Log4jcomponents were vulnerable versions.

Meanwhile, companies are increasingly moving infrastructure to the cloud and adopting more Web applications, tripling their use of APIs, with the average company using 15,600 APIs, and traffic to APIs quadrupling in the last year.

This increasingly cloudy infrastructure makes users’ human fallibility the natural attack vector into enterprise infrastructure, says Tony Lauro, director of security technology and strategy at Akamai.

“The…

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