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International Association of Heat and Frost Insulators and Asbestos Workers Local #6 Pension Fund v. International Business Machines Corporation et al
Case Number:
1:15-cv-02492
See also:
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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September 07, 2016
IBM Beats Shareholder, ERISA Suits Over $4.7B Divestiture
A New York federal judge on Wednesday dismissed a proposed shareholder class action and a similar suit filed under the Employee Retirement Income Security Act in connection with IBM's decision to transfer its microchip division, which cost it $4.7 billion, saying plaintiffs' arguments didn't pass muster.
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March 18, 2016
IBM Says Lack Of Fraud Dooms Stock-Slump Class Actions
IBM urged a New York federal judge Friday to kill three potential investor class actions that contend managerial fraud and cover-ups involving the sale of its microchip division made its stock plunge, saying the investors haven’t argued the company violated accounting rules or hid its intentions, or even that the divestment caused the price drop.