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0O86 Telefonaktiebolaget Lm Ericsson (publ)

68.60
0.00 (0.00%)
22 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Telefonaktiebolaget Lm Ericsson (publ) LSE:0O86 London Ordinary Share SE0000108649 ERICSSON A ORD SHS
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 68.60 339 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Tele & Telegraph Apparatus 263.35B -26.45B -7.9081 -0.61 16.09B

U.S. District Court dismisses securities claim against Ericsson

25/05/2023 7:10am

PR Newswire (US)


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STOCKHOLM, May 25, 2023 /PRNewswire/ -- Yesterday, the U.S. District Court for the Eastern District of New York dismissed with prejudice the securities litigation against Ericsson (NASDAQ: ERIC) brought by certain shareholders.

In its ruling, the court rejected in full the plaintiff's claims that Ericsson misled investors and concluded that Ericsson did not violate any disclosure obligation to investors. 

The motion to dismiss decision is subject to appeal from the plaintiff. Ericsson will continue to vigorously defend this matter if appealed.

Ericsson has also announced this week that Nasdaq Stockholm has formally closed its review into Ericsson's public disclosure concerning the 2019 Iraq report (read more). Nasdaq, in closing the case, stated that it: "cannot come to the conclusion that the content of the report was such that a reasonable investor would have used such information as part of his/her investment decision".

NOTES TO EDITORS:

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MORE INFORMATION AT:
Ericsson Newsroom
media.relations@ericsson.com  (+46 10 719 69 92)
investor.relations@ericsson.com  (+46 10 719 00 00)

ABOUT ERICSSON:
Ericsson enables communications service providers and enterprises to capture the full value of connectivity. The company's portfolio spans the following business areas: Networks, Cloud Software and Services, Enterprise Wireless Solutions, Global Communications Platform, and Technologies and New Businesses. It is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson's innovation investments have delivered the benefits of mobility and mobile broadband to billions of people globally. Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com

The following files are available for download:

https://mb.cision.com/Main/15448/3774547/2082688.pdf

U.S. District Court dismisses securities claim against Ericsson

 

Cision View original content:https://www.prnewswire.co.uk/news-releases/us-district-court-dismisses-securities-claim-against-ericsson-301834356.html

Copyright 2023 PR Newswire

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