SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Telefonaktiebolaget LM Ericsson (publ) - ERIC

Wednesday, 23. February 2022 01:54

NEW YORK, Feb. 22, 2022 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Telefonaktiebolaget LM Ericsson (publ) (“Ericsson” or the “Company”) (NASDAQ: ERIC).   Such investors are advised to contact Robert S. Willoughby at  newaction@pomlaw.com or 888-476-6529, ext. 7980.

The investigation concerns whether Ericsson and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On February 16, 2022, Ericsson disclosed that the Company may have made payments to the ISIS terror organization in order to gain access to certain transport routes in Iraq. 

On this news, Ericsson’s American Depositary Receipt (“ADR”) price fell $1.44 per ADR, or 11.57%, to close at $11.01 per share on February 16, 2022.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com

CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980


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