NEW
YORK, April 20, 2022 /PRNewswire/ -- The
Gross Law Firm issues the following notice to shareholders of
Telefonaktiebolaget LM Ericsson.
Shareholders who purchased shares of ERIC during the class
period listed are encouraged to contact the firm regarding possible
lead plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/telefonaktiebolaget-lm-ericsson-loss-submission-form/?id=26110&from=4
CLASS PERIOD: April 27,
2017 to February 25, 2022
ALLEGATIONS: The complaint alleges that during the class
period, Defendants issued materially false and/or misleading
statements and/or failed to disclose that: (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.
DEADLINE: May 2, 2022
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/telefonaktiebolaget-lm-ericsson-loss-submission-form/?id=26110&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of ERIC during the timeframe
listed above, you will be enrolled in a portfolio monitoring
software to provide you with status updates throughout the
lifecycle of the case. The deadline to seek to be a lead plaintiff
is May 2, 2022. There is no cost or
obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law Firm is
committed to ensuring that companies adhere to responsible business
practices and engage in good corporate citizenship. The firm seeks
recovery on behalf of investors who incurred losses when false
and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm