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Telefonaktiebolaget LM Ericsson Class Action: Levi & Korsinsky Reminds Telefonaktiebolaget LM Ericsson Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of May 2, 2022 – ERICApr 11th, 2022 22:30 EST
Telefonaktiebolaget LM Ericsson Class Action: Levi & Korsinsky Reminds Telefonaktiebolaget LM Ericsson Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of May 2, 2022 – ERIC
New York, New York–(Newsfile Corp. – April 11, 2022) – Levi & Korsinsky, LLP notifies investors in Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC (“Telefonaktiebolaget LM Ericsson” or the “Company”) of a class action securities lawsuit.
The lawsuit on behalf of Telefonaktiebolaget LM Ericsson investors has been commenced in the the United States District Court for the Eastern District of New York. Affected investors purchased or otherwise acquired certain Telefonaktiebolaget LM Ericsson securities between April 27, 2017 and February 25, 2022. Follow the link below to get more information and be contacted by a member of our team:
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500. There is no cost or obligation to you.
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Telefonaktiebolaget LM Ericsson NEWS – ERIC NEWS
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (i) Ericsson overstated the extent to which it had reformed its business practices to eliminate the use of bribes to secure business in foreign countries; (ii) Ericsson had paid bribes to the terrorist group the Islamic State in Iraq and Syria to gain access to certain transport routes in Iraq; (iii) accordingly, the Company’s revenues derived from its operations in Iraq were, in at least substantial part, derived from unlawful conduct and thus unsustainable; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.
WHAT THIS MEANS TO SHAREHOLDERS: If you suffered a loss in Telefonaktiebolaget LM Ericsson during the relevant timeframe, you have until May 2, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. Discuss your rights with our legal team without cost or obligation.
PROTECT YOUR FINANCIAL INTERESTS: Complete this brief submission form https://www.zlk.com/pslra-1/telefonaktiebolaget-lm-ericsson-loss-submission-form?prid=25837&wire=5 or call 212-363-7500 to discuss the case.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/120155