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JANDER v. INTERN. BUSINESS MACHINES CORP.

15cv3781.

205 F.Supp.3d 538 (2016)

Larry W. JANDER, Richard J. Waksman, and all other individuals similarly situated, Plaintiffs, v. INTERNATIONAL BUSINESS MACHINES CORPORATION, et al., Defendants.

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

Signed September 7, 2016.

Editors Note
Applicable Law: 29 U.S.C. § 1132
Cause: 29 U.S.C. § 1132 E.R.I.S.A.: Civil Enforcement of Employee Benefits
Nature of Suit: 791 Labor: E.R.I.S.A.
Source: PACER

Attorney(s) appearing for the Case

Edward H. Glenn, Jr., Jacob H. Zamansky, Samuel Ethan Bonderoff, Zamansky L.L.C., New York, NY, for Plaintiffs.

Lawrence Jay Portnoy, John Stanley Barrett, III, Michael S. Flynn, William Trent Thompson, Davis Polk & Wardwell, 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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