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Update on Deferred Prosecution AgreementSTOCKHOLM, Oct. 21, 2021 /PRNewswire/ -- On December 6, 2019, Ericsson (NASDAQ: ERIC) entered into a Deferred Prosecution Agreement (DPA) with the United States Department of Justice (DOJ). Ericsson has received correspondence from the DOJ stating that it has determined that Ericsson breached its obligations under the DPA by failing to provide certain documents and factual information, and that Ericsson will have the opportunity to respond in writing to explain the nature and circumstances of such breach, as well as the actions Ericsson has taken to address and remediate the situation. At this stage it is premature to predict the outcome of these developments. DOJ has sole discretion under the DPA to determine whether a breach occurred. Ericsson intends to respond to DOJ and to continue cooperating with DOJ consistent with the terms of the DPA, including requirements regarding production of documents. NOTES TO EDITORS: FOLLOW US: Subscribe to Ericsson press releases here. Subscribe to the Ericsson Blog here. https://www.twitter.com/ericsson FOR FURTHER INFORMATION, PLEASE CONTACT Contact person Peter Nyquist, Head of Investor Relations Media Kristoffer Edshage, Director Corporate Media About Ericsson This is information that Telefonaktiebolaget LM Ericsson is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 01:00 CEST on October 22, 2021. This information was brought to you by Cision http://news.cision.com https://news.cision.com/ericsson/r/update-on-deferred-prosecution-agreement,c3438066 The following files are available for download:
View original content:https://www.prnewswire.com/news-releases/update-on-deferred-prosecution-agreement-301406353.html SOURCE Ericsson |