logo
Plus   Neg
Share
Email

Ericsson Responds To Media Coverage On Resolution Of U.S. FCPA Investigations

Ericsson (ERIC) has declined to comment on the recent media coverage about the resolution of the ongoing U.S. FCPA (U.S. Foreign Corrupt Practices Act) investigations. However, the company said it can confirm that the provision of $1.2 billion is still its current estimate of the amounts needed to cover the monetary sanctions, plus other related costs, as previously announced.

It was previously disclosed that Ericsson is in discussions with the U.S. Department of Justice and the SEC regarding the resolution of their investigations.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Polaris Industries Inc. is recalling certain Ranger and General Utility, as well as All-Terrain vehicles citing risks of crash, the U.S. Consumer Product Safety Commission said in a statement. The Medina, Minnesota-based company has called back about 26,730 units of Model Year 2019 - 2020 Ranger XP 1000 & Model Year 2020 General XP 1000 Utility vehicles. Gilead Sciences Inc. (GILD) said Friday that the European Commission has granted conditional marketing authorization for Veklury or remdesivir as a treatment for SARS-CoV-2 infection, the virus that causes COVID-19. FedEx is asking NFL team Washington Redskins to change its name for its racist connotations. The delivery services company, which is a major sponsor for the team, made the suggestion following increasing pressure from its investors amid the ongoing protests against racial injustice and inequality that arose from the killing of African-American George Floyd.
Follow RTT