DOJ Confirms Ericsson's Compliance with Anti-Corruption Measures, Monitor Term Ends
Portfolio Pulse from Benzinga Newsdesk
Ericsson (NASDAQ:ERIC) has successfully concluded its compliance monitoring by the DOJ, which was part of a Deferred Prosecution Agreement (DPA) related to FCPA violations. The independent compliance Monitor has certified that Ericsson's anti-corruption measures are effective.
June 03, 2024 | 7:02 am
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Ericsson has successfully completed its compliance monitoring by the DOJ, confirming that its anti-corruption measures are effective. This marks the end of the Deferred Prosecution Agreement (DPA) and the independent compliance Monitor's term.
The successful completion of the DOJ compliance monitoring and the certification of effective anti-corruption measures are positive developments for Ericsson. This reduces legal and regulatory risks, potentially boosting investor confidence and positively impacting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100