Lieff Cabraser Reminds Autoliv Investors of Upcoming Deadline in Class
Action Lawsuit – ALV
SAN FRANCISCO -- June 4, 2013
Lieff Cabraser Heimann & Bernstein, LLP reminds investors of the June17, 2013
deadline to move for appointment as lead plaintiff in the securities class
litigation brought on behalf all persons who purchased or otherwise acquired
the shares of Autoliv, Inc. (“Autoliv” or the “Company”) (NYSE: ALV)
securities from October 26, 2010 through August 1, 2011, inclusive (the “Class
If you purchased Autoliv securities during the Class Period, you may move the
Court for appointment as lead plaintiff by no later than June 18, 2013. A lead
plaintiff is a representative party who acts on behalf of other class members
in directing the litigation. Your share of any recovery in the action will not
be affected by your decision of whether to seek appointment as lead plaintiff.
You may retain Lieff Cabraser, or other attorneys, as your counsel in the
Autoliv shareholders who wish to learn more about the actions and how to seek
appointment as lead plaintiff should click here or contact Brendan P. Glackin
of Lieff Cabraser toll free at (800) 541-7358.
The complaint charges Autoliv and certain of its officers and directors with
violations of the Securities Exchange Act of 1934.
The complaint alleges that prior to and during the Class Period, Autoliv
engaged in wrongful anti-competitive business practices with other automotive
industry suppliers. These practices were designed to control the market prices
of the products sold by Autoliv and others. As a result, Autoliv reported
quarter after quarter of “record” gross margins and earnings during the Class
Period, causing artificial inflation in its stock price and prompting millions
of dollars in salary increases and non-equity incentive awards to the
The complaint alleges that by February 2011, the United States Department of
Justice (“DOJ”) had begun investigating Autoliv’s anti-competitive practices
and potential antitrust violations. Between the June 7 and June 9, 2011, the
antitrust authorities of the European Commission raided Autoliv’s German
subsidiary Autoliv BV & Co KG, seeking evidence of Autoliv’s anti-competitive
misconduct. As the market assimilated the news of the raid disclosed on July
8, 2011, followed by statements during the Company’s July 25, 2011 second
quarter earnings conference that the Company could no longer predict what
impact the antitrust investigations would have on its previously reported and
future gross margins and earnings, the price of Autoliv stock sunk, closing
below $62 per share on August 2, 2011.
About Lieff Cabraser
Lieff Cabraser is a nationally recognized law firm committed to advancing the
rights of investors and promoting corporate responsibility.
Since 2003, the National Law Journal has selected Lieff Cabraser as one of the
top plaintiffs’ law firms in the nation. Lieff Cabraser is one of only two
plaintiffs’ law firms in the United States to receive this honor for the last
ten consecutive years.
For more information about Lieff Cabraser and the firm’s representation of
investors, please visit http://www.lieffcabraser.com.
Source/Contact for Media Inquiries Only
Lieff Cabraser Heimann & Bernstein, LLP
Brendan P. Glackin, 800-541-7358
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