NEW YORK, NY / ACCESSWIRE / February 16, 2022 / Kehoe Law Firm, P.C. is investigating whether Telefonaktiebolaget LM Ericsson ("Ericsson") (NASDAQ:ERIC) violated federal securities laws.
On February 16, 2022, The Telegraph reported that "Ericsson has admitted that it may have bribed the terrorist group Islamic State in return for being allowed to use roads through Iraq."
On this news, shares of Ericsson were down more than 14% in pre-market trading on February 16, 2022.
ERICSSON INVESTORS WHO HAVE SUFFERED FINANCIAL LOSSES GREATER THAN $50,000 ARE ENCOURAGED TO COMPLETE KEHOE LAW FIRM'S "SECURITIES CLASS ACTION QUESTIONNAIRE."
ERICSSON INVESTORS ARE ALSO ENCOURAGED TO CONTACT JOHN KEHOE, ESQ., (215) 792-6676, EXT. 801, [email protected], [email protected], TO DISCUSS THE ERICSSON SECURITIES CLASS ACTION INVESTIGATION AND POTENTIAL LEGAL CLAIMS.
Kehoe Law Firm, P.C., with offices in New York and Philadelphia, is a multidisciplinary, plaintiff-side law firm dedicated to protecting investors from securities fraud, breaches of fiduciary duties, and corporate misconduct. Combined, the partners at Kehoe Law Firm have served as Lead Counsel or Co-Lead Counsel in cases that have recovered more than $10 billion on behalf of institutional and individual investors.
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SOURCE: Kehoe Law Firm, P.C.