NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky announces it has commenced an investigation of Telefonaktiebolaget LM Ericsson (“Ericsson” or “the Company”) (NASDAQ: ERIC) concerning possible violations of federal securities laws.
On July 18, 2017, Ericsson reported disappointing results for the second quarter ended June 30, 2017 and announced that it “had identified 42 contracts, with sales of SEK 7 b. in 2016” to be transformed, exited or renegotiated representing a “potential risk of SEK3 billion to SEK5 billion” for the following year. On this news, shares of Ericsson fell from a close of $7.14 per share on July 17, 2017, to a close of $5.95 per share on July 18, 2017. To obtain additional information, go to:
or contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
Levi & Korsinsky is a national firm with offices in New York, California, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.