Tech

Ericsson sued $170m over CEO’s Iraq activities

Swedish telecommunications giant, Ericsson, finds itself entangled in legal turmoil as thirty-seven shareholders collectively launch a lawsuit, seeking 1.8 billion Swedish crowns in compensation. Alleging that the company’s CEO’s revelations regarding Iraq-related activities triggered a downward spiral in stock value, these shareholders, including investment firms and pension funds, are uniting in coordinated legal action. CEO […]