The Realist’s Case: Lukas Kerrebijn of RD Dubai on the Narrative Dubai’s Agents Won’t Question 
HP Stock Drops 9% Despite Q3 Earnings Beat and Raised 2026 Outlook 
Mercer International Stock Surges 45% on C$20 Million Canada Funding 
Jefferies Names AMEC Top China Semiconductor Equipment Pick 
Trian Drops Wendy’s Take-Private Bid Plans, Shares Plunge 14% 
Itochu Offers $1.56 Billion to Privatize Dentsu Soken 
Honda, Nissan Eye Shared Vehicle Software Platform by 2029 
Yindjibarndi Appeals Fortescue Mining Compensation Ruling 
Nvidia Revenue Soars 106% as AI Demand Hits ‘Inflection Point’ 
Google Changes EU Spam Policy Amid Antitrust Scrutiny 
Shein Hong Kong IPO to Raise $1.7 Billion at $26.5 Billion Valuation 
Toyota Global Sales Fall as China Demand Slumps 
Pinterest Stock Falls as CFO Julia Brau Donnelly Resigns 
PayPal Shares Sink as $50 Billion Takeover Bid Collapses 
Trump Administration Plans New Drug Pricing Deals With Biotech Firms 
U.S. Probes Apex Logistics Over Nvidia AI Chip Shipments to China 
Nvidia Pauses AI Cloud Financing Deals Amid Antitrust Concerns 
Add as a preferred source on Google
NEW ORLEANS, April 09, 2018 -- Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until June 5, 2018 to file lead plaintiff applications in a securities class action lawsuit against Telefonaktiebolaget LM Ericsson (NasdaqGS:ERIC), if they purchased the Company’s American Depositary Shares (“ADSs”) between April 8, 2013 and July 17, 2017, inclusive (the “Class Period”). 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 ([email protected]), 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, you must petition the Court by June 5, 2018.
About the Lawsuit
Ericsson and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
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 almost $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.
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
206 Covington St.
Madisonville, LA 70447
