LOS ANGELES, CA/ACCESSWIRE/February 24, 2022/ Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Telefonaktiebolaget LM Ericsson (“Ericsson” or “the Company”) (NASDAQ:ERIC ) for violating securities laws.
The investigation aims to determine whether the Company has made false and/or misleading statements and/or has failed to disclose relevant information to investors. Ericsson disclosed on February 16, 2022 that an internal investigation had identified payments in Iraq to facilitate alternate routes to avoid Iraqi customs. Some of these roads were controlled by insurgent groups, including the Islamic State. The company said it could not determine if any employees were involved in directly funding these organizations, but several employees left the company based on the results of the investigation. Based on this news, Ericsson shares fell 11.6% on the same day.
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We also encourage you to contact Brian Schall of Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com or by email at [email protected]
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https://www.accesswire.com/690278/ONGOING-INVESTIGATION-NOTICE-The-Schall-Law-Firm-Encourages-Investors-in-Telefonaktiebolaget-LM-Ericsson-with-Losses-of-100000-to-Contact- the company