Shareholder (IBM) Alert: Johnson Fistel is Investigating International Business Machines Corporation for Potential Breaches of Fiduciary Duty by Its Board of Directors
SAN DIEGO, Oct. 29, 2018 /PRNewswire/ -- Johnson Fistel, LLP, a law firm dedicated to representing shareholders nationwide, is investigating potential breaches of fiduciary duty involving the board of directors and members of management of International Business Machines Corporation (NYSE: IBM) ("IBM").
On October 29, 2018, IBM shares slumped to the lowest level in nearly three years following its announcement that it would buy Red Hat, Inc. for $34 billion. In response to IBM's announcement, Moody's Investor Service announced its review of IBM's credit rating for potential downgrade for IBM's substantial increase in leverage.
If you are an IBM shareholder and are interested in learning more about the firm's investigation, please visit us at: [Click here to join this action].
Additionally, you may contact W. Scott Holleman ([email protected]) by email or by phone at 212-802-1486. If you email, please include your phone number.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
W. Scott Holleman, 212-802-1486
[email protected]
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SOURCE Johnson Fistel, LLP
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