Expired
Lead Plaintiff Deadline
May 2, 2022
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(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.
In order to be eligible to join the ERIC class action lawsuit, you must have incurred a loss on shares of Telefonaktiebolaget LM Ericsson purchased during the class period listed above.
If you suffered a loss in Telefonaktiebolaget LM Ericsson during the relevant time frame or pursuant to the relevant offering(s), 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.
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