Source: Telecoms
A group of shareholders is taking legal action against Ericsson over its alleged failure to disclose vital information with regard to an internal investigation into its business practices in Iraq.
The shareholders are seeking damages of $175-$300 million over claims the failure resulted in significant financial losses for the shareholders. As of 4th August 2023, 37 claimants have filed their case against Ericsson and more are expected to follow.
The controversy began in February 2022 when portions of the internal investigation report were leaked to the International Consortium of Investigative Journalists (ICIJ), forcing Ericsson to acknowledge its existence and provide limited details about its contents…
Read full article: https://www.telecomstechnews.com/news/ericsson-shareholders-sue-over-withheld-report/
