NEW YORK--(BUSINESS WIRE)--The Klein Law Firm announces the commencement of an investigation of Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) concerning possible violations of federal securities laws.
On July 18, 2017, Ericsson 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.
If you suffered a loss in Ericsson and wish to obtain additional information, please contact Joseph Klein, Esq. by telephone at 212-616-4899 or visit http://www.kkclasslaw.com/ERIC-Info-Request-Form-289.
Joseph Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.