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INTERN. ASSOCIATION OF HEAT v. IBM

15cv2492.

205 F.Supp.3d 527 (2016)

INTERNATIONAL ASSOCIATION OF HEAT and Frost Insulators and Asbestos Workers Local #6 Pension Fund, individually and on behalf of all others similarly situated, Plaintiff, v. INTERNATIONAL BUSINESS MACHINES CORPORATION, et al., Defendants.

United States District Court, S.D. New York.

Signed September 7, 2016.

Editors Note
Applicable Law: 28 U.S.C. § 1331sv
Cause: 28 U.S.C. § 1331sv Fed. Question: Securities Violation
Nature of Suit: 850 Securities / Commodities
Source: PACER

Attorney(s) appearing for the Case

Christopher J. Keller , Rachel Ann Avan , Labaton Sucharow, LLP, Michael Walter Stocker , Labaton & Sucharow LLP, New York, NY, for Plaintiff.

City of Sterling Heights Police and Fire Retirement System, pro se.

Lawrence Jay Portnoy , John Stanley Barrett, III , William Trent Thompson , Davis Polk & Wardwell, Michael S. Flynn , Davis Polk & Wardwell LLP, New York, NY, for Defendants.

OPINION & ORDER

In October 2014, International Business Machines Corp. ("IBM") announced that it was taking a $2.4 billion write-down in connection with transferring its microelectronics business to another company. Following that announcement — which coincided with the disclosure of disappointing...

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