Telefonaktiebolaget LM Ericsson
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According to the Complaint, the Company issued false and/or misleading statements and/or failed to disclose that: 1) Ericsson prematurely recognized revenues and improperly delayed the recognition of costs related to services contracts; and (2) as a result, Ericsson materially overstated its revenues, margins, and profits during the Class Period. When the truth was revealed to the investing public, shares dropped, causing shareholders harm.
Case has been filed