ERIC - Ericsson Turns The Corner: Reports Conclusion Of US Anti-Corruption Compliance Monitorship | Benzinga
Ericsson (NASDAQ:ERIC) shares are trading higher after the company disclosed the conclusion of the work and terms of the independent compliance Monitor appointed by the U.S. Department of Justice (DOJ) in June 2020.
The monitorship is related to Ericsson’s 2019 Deferred Prosecution Agreement (DPA) to resolve historical violations of the Foreign Corrupt Practices Act (FCPA).
The March 2023 Plea Agreement with the DOJ that followed non-criminal breaches of the DPA has also expired as of June 2.
Over the past ...