NEW ORLEANS--(BUSINESS WIRE)--Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with large financial interests that they have only until June 5, 2018 to file lead plaintiff applications in a securities class action lawsuit against Telefonaktiebolaget LM Ericsson (NasdaqGS: ERIC). Investor losses must relate to purchases of the Company’s American Depositary Shares (“ADSs”) between April 8, 2013 and July 17, 2017. This action is pending in the United States District Court for the Southern District of New York.
What You May Do
If you purchased ADSs of Ericsson and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (firstname.lastname@example.org), or visit https://www.ksfcounsel.com/cases/nasdaqgs-eric/ to learn more. If you wish to serve as a lead plaintiff in this class action by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to the Court by June 5, 2018.
About the Lawsuit
On July 18, 2017, the Company disclosed that it would be terminating, renegotiating or revising 42 long-term service contracts with total annual sales of nearly $1 billion. On this news, the price of Ericsson ADSs fell $1.21 per share, or 16.62%, to close at $6.07 per share on July 18, 2017.
About Kahn Swick & Foti, LLC
KSF, whose partners include the former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.