NEW ORLEANS -- (Business Wire)
ClaimsFiler, a FREE shareholder information service, reminds investors
that they have until June 5, 2018 to file lead plaintiff
applications in a securities class action lawsuit against
Telefonaktiebolaget LM Ericsson (NasdaqGS: ERIC), if they purchased the
Company’s American Depositary Shares (“ADSs”) between April 8, 2013 and
July 17, 2017, inclusive (the “Class Period”). This action is pending in
the United States District Court for the Southern District of New York.
Get Help
Ericsson investors should visit us at https://www.claimsfiler.com/cases/view-telefonaktiebolaget-lm-ericsson-american-depository-shares-securities-litigation
or call to speak to our claim center toll-free at (844) 367-9658.
About the Lawsuit
Ericsson and certain of its executives are charged with failing to
disclose material information during the Class Period, violating federal
securities laws.
On July 18, 2017, the Company disclosed that it would be terminating,
renegotiating or revising 42 long-term service contracts with total
annual sales of nearly $1 billion.
On this news, the price of Ericsson ADSs fell $1.21 per share, or
16.62%, to close at $6.07 per share on July 18, 2017
About ClaimsFiler
ClaimsFiler has a single mission: to serve as the information source to
help retail investors recover their share of billions of dollars from
securities class action settlements. ClaimsFiler's team of experts
monitor the securities class action landscape and cull information from
a variety of sources to ensure comprehensive coverage across a broad
range of financial instruments.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180511005791/en/
Contacts:
ClaimsFiler
Jerry Gallo, 844-367-9658
https://www.claimsfiler.com
Source: ClaimsFiler
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