Company Website:
http://www.wongesq.com/
NEW YORK -- (Business Wire)
The Law Offices of Vincent Wong announce that a class action lawsuit has
been commenced in the United States District Court for the Southern
District of New York on behalf of investors who purchased
Telefonaktiebolaget LM Ericsson ("Ericsson") (NASDAQ: ERIC) securities
between April 8, 2013 and July
17, 2017.
Click here to learn about the case: http://www.wongesq.com/pslra-c/telefonaktiebolaget-lm-ericsson?wire=2.There is no cost or obligation to you.
According to the complaint, throughout the Class Period, the Company
issued materially false and 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. To obtain additional information, contact Vincent Wong, Esq.
either via email vw@wongesq.com, by
telephone at 212.425.1140, or visit http://www.wongesq.com/pslra-c/telefonaktiebolaget-lm-ericsson?wire=2.
Vincent Wong, Esq. is an experienced attorney that has represented
investors in securities litigations involving financial fraud and
violations of shareholder rights. Attorney advertising. Prior results do
not guarantee similar outcomes.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180502006595/en/
Contacts:
The Law Offices of Vincent Wong
Vincent Wong, Esq.
Tel.
212-425-1140
Fax. 866-699-3880
vw@wongesq.com
Source: The Law Offices of Vincent Wong
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