Shareholder lawsuits against Ericsson for alleged ISIS payments reach $170m
37 shareholders take revenge for company's activities in Iraq
News - ISIS
The latest news from the data center, telco, and cloud sector
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Ericsson hit with $206m fine by DoJ around activities in Iraq, China, and Djibouti
The vendor violated a 2019 deal with the US prosecutors
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US terror victims sue Ericsson over alleged bribes to ISIS and al Qaeda in Iraq
Ericsson says it will fight the case, despite admitting that it probably did give money to ISIS
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Ericsson CEO claims he told staff to disclose Iraq ISIS report to DoJ
But apparently did not follow up
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Ericsson, CEO, and CFO hit by class action lawsuit over ISIS dealings in Iraq
Lawyers call on shareholders to join the suit
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Ericsson admits it broke a $1bn deal with the DoJ by covering up payments to ISIS terrorists
Ericsson stock is now "uninvestable," say analysts
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Ericsson workers were kidnapped when telco sent them to negotiate with ISIS
It's not clear if Ericsson helped pay for their release
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Ericsson shares fall after it admits it may have paid ISIS terrorists
Telco paid money to unknown recipients, for transport routes in Iraq to evade customs