New York, New York–(Newsfile Corp. – April 29, 2022) – The law firm Klein announces that a class action lawsuit has been filed on behalf of shareholders of Telefonaktiebolaget LM Ericsson ERIC alleging that the Company violated federal securities laws.
Class period: April 27, 2017 for February 25, 2022
Lead Applicant Deadline: May 2, 2022
No obligation or cost to you.
Learn more about your recoverable losses in ERIC:
Telefonaktiebolaget LM Ericsson NEWS – ERIC NEWS
CLASS ACTION CASE DETAILS: The filed complaint alleges that Telefonaktiebolaget LM Ericsson made materially false and/or misleading statements and/or failed to disclose the following: (i) Ericsson exaggerated the extent to which it had reformed its business practices in order to eliminate the use of bribes to secure foreign business of countries; (ii) Ericsson had paid bribes to the terrorist group Islamic State in Iraq and Syria to gain access to certain transport routes in Iraq; (iii) as a result, the Company’s revenues from its operations in Iraq were derived, at least in large part, from unlawful and therefore unsustainable conduct; and (iv) as a result, the Company’s public statements were materially false and misleading at all material times.
WHAT THIS MEANS FOR YOU AS A SHAREHOLDER: If you have suffered a loss in Telefonaktiebolaget LM Ericsson, you have until May 2, 2022 ask the court to obtain the status of principal plaintiff. Your ability to participate in any collection does not require you to serve as the lead plaintiff.
AT NO CHARGE TO YOU: If you have purchased Telefonaktiebolaget LM Ericsson securities during the relevant period, you may be entitled to compensation without payment of disbursements.
HOW TO PROTECT YOUR FINANCIAL INTERESTS: For more information on the ERIC trial, please contact J. Klein, Esq. by phone at 212-616-4899 or click on this link.
ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigation involving financial fraud across the country. Klein Law Firm is a litigation firm with experience in a wide range of areas, including securities law, corporate finance and commercial litigation. Since 2011, our experienced lawyers have achieved superior results for our clients with a personalized approach. Lawyer advertisement. Prior results do not guarantee similar results.
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
New York, NY 10118
Telephone: (212) 616-4899
Fax: (347) 558-9665
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