SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Telefonaktiebolaget LM Ericsson - ERIC

NEW YORK, April 10, 2018 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of  Telefonaktiebolaget LM Ericsson ("Ericsson" or the "Company") (NASDAQ:  ERIC).   Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 9980.

The investigation concerns whether Ericsson and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

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On July 18, 2017, Ericsson disclosed that it would be terminating, renegotiating or revising 42 long-term service contracts with total annual sales of almost $1 billion.  On this news, Ericsson's American Depositary Share price fell $1.21, or 16.62%, to close at $6.07 on July 18, 2017.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

CONTACT:
Robert S. Willoughby
Pomerantz LLP
[email protected]
888-476-6529 ext. 9980

SOURCE Pomerantz LLP