(ERIC) News: Why did Ericsson stock price drop? Contact Johnson Fistel Regarding Investigation
SAN DIEGO, February 16, 2022 /Newsfile/ —
Shareholder Rights Law Firm Johnson Fistel, LLP is investigating potential claims on behalf of purchasers of Telefonaktiebolaget LM Ericsson (“Ericsson” or “the Company”) (NASDAQ: ERIC).
On February 16, 2022, Ericsson disclosed the results of an internal investigation that detailed suspect payments and misconduct in Iraq. The company’s investigation had identified payments made to use alternate transport routes to circumvent Iraqi Customs when militant organizations, including Islamic State, controlled some transport routes. Ericsson said it could not determine if any employee was directly involved in financing such organizations; it noted that as a result of the investigation, several employees had left the company.
Following this news, Ericsson’s stock price was down over 14% in pre-market trading on February 16, 2022.
If you have information that could assist in this investigation, including past employees and others, or are an Ericsson shareholder who lost money on your investment and are interested in learning more about how to recover your money and the investigation, please contact Jim Baker (jimb@johnsonfistel.com) by email or phone at 619-814-4471. If emailing, please include a phone number.
To join this action, you can go to:
https://www.cognitoforms.com/JohnsonFistel/TelefonaktiebolagetLMEricsson
or
[Click here to join this action]. There is no cost or obligation to you.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. Johnson Fistel seeks to recover losses incurred due to violations of federal securities laws. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
To join this action, you can go to:
https://www.cognitoforms.com/JohnsonFistel/TelefonaktiebolagetLMEricsson
or
[Click here to join this action]. There is no cost or obligation to you.