Tag Archive for: Investors

ROSEN, SKILLED INVESTOR COUNSEL, Encourages International Business Machines Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action – IBM

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NEW YORK, April 23, 2022 /PRNewswire/ —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of International Business Machines Corporation IBM between April 4, 2017 and October 20, 2021, inclusive (the “Class Period”), of the important June 6, 2022 lead plaintiff deadline.

SO WHAT: If you purchased 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 June 6, 2022. 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 Lawyers.

DETAILS OF THE CASE: According…

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SHAREHOLDER ACTION REMINDER: The Schall Law Firm Encourages Investors in International Business Machines Corporation with Losses of $100,000 to Contact the Firm

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LOS ANGELES–()–The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against International Business Machines Corporation (“IBM” or “the Company”) (NYSE: IBM) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company’s securities between April 4, 2017 and October 20, 2021, inclusive (the ”Class Period”), are encouraged to contact the firm before June 6, 2022.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. IBM artificially inflated its Strategic Imperatives Revenue and growth, CAMSS (the sectors of “Cloud,” “Analytics,” “Mobile,” “Security,” and “Social”) revenue and growth, and other related business metrics through a scheme of wrongfully reclassifying revenues from non-strategic to strategic. The Company’s growth prospects in Strategic Imperatives were actually fueled by this reclassification scheme, not organic growth. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about IBM, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

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Tech investors should watch out for surge in cyber attacks from Russia over West’s sanctions, analysts

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A pro-Russian man (not seen) holds a Russian flag behind an armed serviceman on top of a Russian army vehicle outside a Ukrainian border guard post. Baz Ratner/Reuters

A pro-Russian man (not seen) holds a Russian flag behind an armed serviceman on top of a Russian army vehicle outside a Ukrainian border guard post. Baz Ratner/Reuters

  • Watch for a surge in cyberwarfare from Russia as the West imposes sanctions over Ukraine, Wedbush said.
  • Well-positioned vendors in the cybersecurity sector should be a focus for tech investors, the analysts said on Tuesday.
  • “It’s a matter of when, not if, this increased cyber warfare activity begins over the coming weeks,” they added.
  • For more stories go to www.BusinessInsider.co.za.

Tech investors should watch out for a surge in cyber warfare from Russia as the West imposes sanctions over its escalating crisis with Ukraine, Wedbush has warned.

“With the Ukraine conflict now front and centre and poised to widen, we expect a surge of cybersecurity attacks from Russia state-sponsored organisations that could change the game for US/European enterprises and governments over the coming months,” Wedbush analysts Dan Ives and John Katsingris said in a note on Tuesday.

Western powers brought in sanctions after Vladimir Putin on Monday recognised two breakaway regions in Ukraine as independent and ordered Russian troops into the country. US President Joe Biden described the moves as the beginning of a Russian invasion of Ukraine.

Biden on Tuesday imposed US sanctions on a pair of Russian banks, some of the country’s political elites, and Russia’s sovereign debt.

The UK brought in sanctions against five Russian banks and three wealthy individuals. The European Union is close to announcing its own measures, which include restricting the Russian government’s ability to raise money on EU financial markets, the Guardian reported.

The market assessed these moves as relatively measured, as they avoided sanctioning Putin personally and didn’t penalise the most significant Russian banks. 

Based on recent conversations with enterprises and security officers, Wedbush said there are growing chances of cyber attacks that could leave sensitive data vulnerable. It also expects companies to invest in protection against persistent cyberthreats.

“With a significantly elevated level of cyberattacks now appearing on the horizon, we…

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Hackers Circle as Individual Investors Pour Cash Into Crypto

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Rosa Maguina plowed a big chunk of her savings into cryptocurrency early this year, joining other individual investors trying to strike while bitcoin was hot. The funds vanished after a hacker hijacked her phone number for just two hours.

Ms. Maguina, who runs an events logistics business with her husband in Doral, Fla., said she was about to go to sleep on July 5 when she noticed her phone lost its signal. By the time Ms. Maguina’s service was restored, she said, an unauthorized user had changed her passwords for trading platforms Binance and

Coinbase

and initiated transactions that emptied her accounts of crypto valued at around $80,000 at the time.

“It was like someone coming through the window or backdoor into your house,” Ms. Maguina said. “You feel that there’s nothing you can do.”

Criminals have a history of stealing money from wealthy or well-known crypto investors through SIM swaps, or switching a phone number from one device’s subscriber identity module to another. But the crypto boom among mom-and-pop investors has led hackers to increasingly circle targets like Ms. Maguina, according to cybersecurity experts, lawyers and law-enforcement officials.

The attacks on small investors have sparked legal battles with cellphone carriers, led customers to change plans and pushed some telecom companies to tweak security measures. Law-enforcement agencies are trying to team up across jurisdictions in response to a broadening pool of potential victims. The Federal Communications Commission is honing rules for wireless carriers aimed at limiting SIM-swap fraud, proposing tighter restrictions on how they switch numbers between devices and carriers.

Some wireless companies say federal rules could…

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