DEADLINE TODAY: The Schall Law Firm Announces the Filing of a Securities Class Action Lawsuit Against Telefonaktiebolaget LM ...
June 05 2018 - 8:17AM
Business Wire
The Schall Law Firm, a national shareholder rights litigation
firm, announces the filing of a class action lawsuit against
Telefonaktiebolaget LM Ericsson ("the Company") (NASDAQ: ERIC)
for violations of §§10(b) and 20(a) of the Securities Exchange Act
of 1934 and Rule 10b-5 promulgated thereunder by the U.S.
Securities and Exchange Commission.
Investors who purchased the Company's shares between April 8,
2013 and June 17, 2017, inclusive (the "Class Period"), are
encouraged to contact the firm before June 5, 2018.
If you are a shareholder who suffered a loss, click here to
participate.
We also encourage you to contact Brian Schall, or Sherin
Mahdavian, of the Schall Law Firm, 1880 Century Park East,
Suite 404, Los Angeles, CA 90067, at 424-303-1964, 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 brian@schallfirm.com.
The class, in this case, has not yet been certified, and until
certification occurs, you are not represented by an attorney. If
you choose to take no action, you can remain an absent class
member.
According to the Complaint, the Company issued false and/or
misleading statements and/or failed to disclose that: 1) Ericsson
prematurely recognized revenues and improperly delayed the
recognition of costs related to services contracts; and (2) as a
result, Ericsson materially overstated its revenues, margins, and
profits during the Class Period. When the truth was revealed to the
investing public, shares dropped, causing shareholders harm.
The Schall Law Firm represents investors around the world, and
specializes in securities class action lawsuits and shareholder
rights litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and rules of
ethics.
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version on businesswire.com: https://www.businesswire.com/news/home/20180605005953/en/
The Schall Law FirmBrian Schall, Esq.Sherin Mahdavian,
Esq.310-301-3335Schallfirm.cominfo@schallfirm.com
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