Ericsson Shares Fall Following Violation of DOJ Agreement

Ericsson Shares Fall Following Violation of DOJ Agreement
Swedish wireless equipment maker LM Ericsson, on July 20, 2001. Jessica Gow/AFP via Getty Images
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U.S. prosecutors determined Telefonaktiebolaget LM Ericsson violated a $1.06-billion settlement agreement reached in 2019 over bribery allegations in five countries.

The U.S. Justice Department (DOJ) intimated that Ericsson breached the agreement by failing to provide certain documents and information related to the settlement, The Wall Street Journal reports.