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The Class: Shareholder rights law firm Robbins LLP informs investors that a shareholder filed a class action on behalf of persons and entities that purchased or otherwise acquired Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) securities between April 27, 2017 and February 25, 2022, for violations of the Securities Exchange Act of 1934. Ericsson, along with its subsidiaries, provides communication infrastructure, services, and software solutions to the telecommunications and other sectors.
If you would like more information about our investigation of Telefonaktiebolaget LM Ericsson’s misconduct, click here.
What is this Case About: Ericsson (ERIC) Allegedly Paid Terrorists to Utilize Transport Routes in Iraq
According to the complaint, on February 15, 2022, Ericsson issued a press release detailing its work in Iraq and noting “[u]nusual expense claims in Iraq, dating back to 2018, triggered a review that uncovered compliance concerns about breaches of the company’s Code of Business Ethics.” The press release provided details of the investigation and …
Full story available on Benzinga.com
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