Federman & Sherwood Reminds Investors of Imminent Lead Plaintiff Deadline in Securities Class Action Lawsuit Against Autoliv, Inc.
OKLAHOMA CITY--(BUSINESS WIRE)-- On April 17, 2013, a class action lawsuit was filed in the United States District Court for the Southern District of New York against Autoliv, Inc. (NYS: ALV) for possible federal securities laws violations surrounding the Company's engagement in a series of covert and illegal practices during an extended time period, which subjected the Company to monetary and reputational risks. Beginning in February of 2011, the U.S. Department of Justice had initiated an investigation into Autoliv's anti-competitive practices and potential antitrust violations. In June of 2011, the European antitrust authorities raided Autoliv's German subsidiary looking for evidence of the Company's misconduct. On June 6, 2012, the U.S. Department of Justice announced that Autoliv had agreed to plead guilty to price-fixing of parts installed in U.S. cars, admitting it engaged in illegal price-fixing to its U.S. automobile manufacturer customers. The Complaint therefore alleges violations of Section 10(b) and Section 20(a) of the Securities Exchange Act, and Rule 10b-5 promulgated thereunder.
If you purchased Autoliv, Inc. shares between May 17, 2012 and May 16, 2013, have large losses as a result of your trades during this time period, and wish to join this litigation as a potential lead plaintiff, please contact our office as soon as possible. Investors have until Monday, June 17, 2013 to move the court for consideration as a court-appointed lead plaintiff in this action. Our firm seeks to recover damages and losses on behalf of the entire Class. Federman & Sherwood has extensive nationwide experience and expertise in prosecuting securities litigation involving financial fraud.
If you wish to join this class action or have further questions, please contact:
FEDERMAN & SHERWOOD
K. Lynn Nunn, 405-235-1560
KEYWORDS: United States North America Oklahoma
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