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Securities and Exchange Commission v. Telefonaktiebolaget LM Ericsson

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Case Number:

1:19-cv-11214

Court:

New York Southern

Nature of Suit:

Securities/Commodities

Judge:

Gregory H. Woods

Companies

Government Agencies

Sectors & Industries:

  1. March 02, 2023

    Ericsson To Pay $207M Fine Over Breached FCPA Deal

    Telecom giant Ericsson agreed to plead guilty to breaching its obligations under a 2019 deferred prosecution agreement related to bribery and slush fund schemes in Asia, Africa and the Middle East, and it will pay a $206.7 million fine, the U.S. Department of Justice and the company said Thursday.

  2. December 14, 2022

    Feds Add Extra Year To Ericsson's Monitoring From FCPA Deal

    Ericsson said Wednesday that it will undergo an additional year of compliance monitoring related to a 2019 deferred prosecution agreement with the U.S. Department of Justice over claims the company conspired to violate the Foreign Corrupt Practices Act.

  3. December 06, 2019

    Ericsson To Pay $1B To Settle Foreign Bribery Allegations

    Stockholm-based telecom giant Ericsson has agreed to pay criminal and civil penalties totaling more than $1 billion to U.S. authorities over bribery and slush fund schemes in Asia, Africa and the Middle East dating back to 2000, the U.S. Department of Justice announced on Friday.