Suit Claims Ibm Misled Investors

A police and fire retirement fund in Michigan has sued IBM Corp., alleging that it misled investors about the true value of its microelectronics business before selling it for a loss.The class-action lawsuit was filed on behalf of City of Sterling Heights Police & Fire Retirement System in federal court in Manhattan.

Sections:  u.s.   
Topics:  New York   Orange County, NY   Middletown   
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