NEW ORLEANS--(BUSINESS WIRE)--ClaimsFiler, a FREE shareholder information service, reminds investors 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.
Ericsson investors should visit us at https://www.claimsfiler.com/cases/view-telefonaktiebolaget-lm-ericsson-american-depository-shares-securities-litigation or call to speak to our claim center toll-free at (844) 367-9658.
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.
ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. ClaimsFiler’s team of experts monitor the securities class action landscape and cull information from a variety of sources to ensure comprehensive coverage across a broad range of financial instruments.
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