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In re Telefonaktiebolaget LM Ericsson Securities Litigation

  1. May 24, 2023

    Ericsson Escapes Investor's ISIS Bribes Suit

    A New York federal judge on Wednesday dismissed a lawsuit accusing Swedish telecommunications giant Ericsson of hiding its knowledge of possible bribes to the Islamic State from U.S. investors, saying that generic statements about the company's growth in the Middle East did not require further disclosure.

  2. March 10, 2023

    Ericsson Investors Ask to Keep ISIS Bribes Suit Alive

    Investors in the Swedish telecommunications company Ericsson have asked a Brooklyn federal judge to keep their proposed class action over alleged ISIS bribes alive, saying the company's motion to dismiss relies on "a myriad of hyper-technical arguments."

  3. March 04, 2022

    Ericsson Hit With Class Action After Report On ISIS Bribes

    Swedish telecommunications company Ericsson has been hit with a proposed investor class action in New York federal court alleging it misled shareholders about its use of bribes to secure business in the Middle East, causing the stock to drop last month when news about possible bribes to the Islamic State group came to light.