Case Page

 

Case Status:    ONGOING    
On or around 10/23/2018 (Ongoing date of last review)

Filing Date: April 05, 2018

Telefonaktiebolaget LM Ericsson ("Ericsson") provides computer networking hardware, software, and related services
to telecommunications companies around the world. Services provided by the Company include systems integration, network rollouts, and consulting projects that are often structured as multiyear contracts.

According to the Complaint, during the Class Period, Ericsson claimed that its financial statements were prepared in accordance with International Financial Reporting Standards (“IFRS”). The Complaint alleges that Ericsson violated IFRS by materially overstating service revenues and improperly delaying the recognition of at least $1 billion in expenses on its long-term service projects.

On July 24, 2018, the Court issued an Order appointing Lead Plaintiff and Counsel. Lead Plaintiff filed an amended Complaint on October 23.

COMPANY INFORMATION:

Sector: Technology
Industry: Communications Equipment
Headquarters: Sweden

SECURITIES INFORMATION:

Ticker Symbol: ERIC
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: S.D. New York
DOCKET #: 18-CV-03021
JUDGE: Hon. Richard J. Sullivan
DATE FILED: 04/05/2018
CLASS PERIOD START: 04/08/2013
CLASS PERIOD END: 07/17/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Labaton Sucharow LLP
    140 Broadway, Labaton Sucharow LLP, NY 10005
    212.907.0700 212.818.0477 · info@labaton.com
No Document Title Filing Date
COURT: S.D. New York
DOCKET #: 18-CV-03021
JUDGE: Hon. Richard J. Sullivan
DATE FILED: 10/23/2018
CLASS PERIOD START: 04/24/2013
CLASS PERIOD END: 07/17/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Robbins Geller Rudman & Dowd LLP (Melville)
    58 South Service Road, Suite 200, Robbins Geller Rudman & Dowd LLP (Melville), NY 11747
    631.367.7100 631.367.1173 ·
No Document Title Filing Date
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