Company Website:
http://www.zlk.com
NEW YORK -- (Business Wire)
The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired
securities of Telefonaktiebolaget LM Ericsson ("Ericsson") (NASDAQ:
ERIC) between April 8, 2013 and July 17, 2017.
You are hereby notified that a
securities class action lawsuit has been commenced in the United States
District Court for the Southern District of New York. To get more
information go to:
http://www.zlk.com/pslra-d/telefonaktiebolaget-lm-ericsson?wire=2
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There
is no cost or obligation to you.
The complaint alleges that throughout the class period Defendants issued
materially 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 of the foregoing, Ericsson materially overstated its
revenues, margins, and profits during the Class Period. On July 18,
2017, Ericsson reported disappointing results for the second quarter
ended June 30, 2017 and announced that it had identified 42 contracts to
be transformed, exited or renegotiated. On this news, shares of Ericsson
fell from a close of $7.28 per share on July 17, 2017, to a close of
$6.07 per share on July 18, 2017.
If you suffered a loss in Ericsson you have until June
5, 2018 to request that the Court appoint you as lead
plaintiff. Your ability to share in any recovery doesn’t require that
you serve as a lead plaintiff.
Levi & Korsinsky is a national firm with offices in New York,
California, Connecticut, and Washington D.C. The firm’s attorneys have
extensive expertise and experience representing investors in securities
litigation, and have recovered hundreds of millions of dollars for
aggrieved shareholders. Attorney advertising. Prior results do not
guarantee similar outcomes.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180430006346/en/
Contacts:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq., 212-363-7500
Toll
Free: 877-363-5972
Fax: 212-363-7171
www.zlk.com
Source: Levi & Korsinsky, LLP
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