Friday, August 4, 2023

Ericsson Sued by 37 Shareholders for $170 Million: Report

Thirty-seven Ericsson shareholders are suing the Swedish telecoms company for a combined SEK 1.8 billion (roughly Rs. 1,405 crore), saying its CEO's disclosure of activities in Iraq depressed the stock, business daily Dagens Industri reported. The shareholders, including several investment firms and pension funds, have filed separate lawsuits.

from Gadgets 360 https://ift.tt/1IFjYfd

No comments:

Post a Comment

Revenue of auto ancillary firms grew at 11% CAGR during 2016-26: Report

Auto ancillary companies saw revenue grow at 11 percent annually from FY16 to FY26. Exports and increased vehicle content fueled this expans...