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.

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