SHAREHOLDER ALERT – Bronstein, Gewirtz & Grossman, LLC Reminds I - KFVS12 News & Weather Cape Girardeau, Carbondale, Poplar Bluff

SHAREHOLDER ALERT – Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action Against Telefonaktiebolaget LM Ericsson (ERIC) & Lead Plaintiff Deadline: June 5, 2018

NEW YORK, NY / ACCESSWIRE / May 17, 2018 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against Telefonaktiebolaget LM Ericsson (“Ericsson” or the “Company”) (NASDAQ: ERIC) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Ericsson securities between April 8, 2013 and July 17, 2017, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: http://www.bgandg.com/eric.

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.

The Complaint alleges that throughout the Class Period, Defendants made materially 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) consequently, Ericsson materially overstated its revenues, margins, and profits during the Class Period.

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. Following this news, Ericsson’s American Depositary Share price fell $1.21, or 16.62%, to close at $6.07 on July 18, 2017.

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm’s site: http://www.bgandg.com/eric or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Ericsson you have until June 5, 2018 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC

ReleaseID: 499578

Information contained on this page is provided by an independent third-party content provider. Frankly and this Station make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact pressreleases@franklyinc.com

  • Heartland NewsMore>>

  • Cause of gas leak undetermined in Benton, IL

    Cause of gas leak undetermined in Benton, IL

    Wednesday, August 15 2018 10:29 PM EDT2018-08-16 02:29:02 GMT
    A Franklin County Emergency Management Agency Duty Officer has responded to a large gas leak. Buildings around the incident have been evacuated. (Source: Chris Drury, KFVS)A Franklin County Emergency Management Agency Duty Officer has responded to a large gas leak. Buildings around the incident have been evacuated. (Source: Chris Drury, KFVS)

    A large gas leak has caused a hazmat situation in Benton.

    A large gas leak has caused a hazmat situation in Benton.

  • Kennett, MO warehouse fire considered a total loss

    Kennett, MO warehouse fire considered a total loss

    Wednesday, August 15 2018 10:27 PM EDT2018-08-16 02:27:59 GMT
    The warehouse is where Bullock Furniture stores all of their inventory (Source: Don Frazier, KFVS)The warehouse is where Bullock Furniture stores all of their inventory (Source: Don Frazier, KFVS)

    Crews responded to a structure fire in Kennett, Missouri on Wednesday, August 15. 

    Crews responded to a structure fire in Kennett, Missouri on Wednesday, August 15. 

  • Poplar Bluff Animal Control identifies owner of 8 puppies left in box

    Poplar Bluff Animal Control identifies owner of 8 puppies left in box

    Wednesday, August 15 2018 10:26 PM EDT2018-08-16 02:26:52 GMT
    Daryl Scarlet was being held pending formal charges (Source: Poplar Bluff Police Department)Daryl Scarlet was being held pending formal charges (Source: Poplar Bluff Police Department)

    Animal Control officers in Poplar Bluff, Missouri said they are looking for the owners of eight puppies left in a box. 

    Animal Control officers in Poplar Bluff, Missouri said they are looking for the owners of eight puppies left in a box. 

Powered by Frankly