Deadline on June 17, 2013 in Lawsuit for Investors in Autoliv Inc. (ALV)
Announced by Shareholders Foundation
SAN DIEGO, June 4, 2013 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc.
announces that a deadline to get actively involved is coming up on June 17,
2013 in the lawsuit filed on behalf of certain investors in shares Autoliv
Inc. (ALV) over alleged Violations of Federal Securities Laws by Autoliv Inc.
in connection with certain allegedly false and misleading statements made
between October 26, 2010 and August 1, 2011.
If you purchased a significant amount of common stock of Autoliv Inc. (ALV)
between and / or if you purchased ALV shares prior in October 2010 and
currently hold any of those shares, you have certain options and you should
contact the Shareholders Foundation, Inc. by e-mail at
email@example.com or call +1 (858) 779-1554.
The plaintiff alleges that prior to and between October 26, 2010 and August 1,
2011, Autoliv Inc. allegedly engaged in wrongful anti-competitive business
practices with other automotive industry suppliers.
The plaintiff says that these practices were designed to control the market
prices of the products sold by Autoliv Inc. and others and as a result,
Autoliv Inc. reported quarter after quarter of "record" gross margins and
earnings during between October 26, 2010 and August 1, 2011, causing
artificial inflation in its stock price and seemingly justifying the payment
of millions of dollars worth of salary increases and non-equity incentive
awards to the Company's executives.
The plaintiff further claims that by February 2011, the United States
Department of Justice ("DOJ") had begun investigating Autoliv's
anti-competitive practices and potential antitrust violations. On June 6,
2012, the DOJ announced that Autoliv had agreed to plead guilty to price
fixing of automobile parts installed in U.S. cars and to pay a $14.5 million
The plaintiff says that in so doing, Autoliv admitted to its role in a
conspiracy to fix prices of seatbelts, airbags and steering wheels installed
in U.S. cars to one automobile manufacturer and a separate conspiracy to fix
prices of seatbelts to another car manufacturer.
Shares of Autoliv Inc. (ALV) declined from over $82 per share in January 2011
to as low as $47.70 in September 2011.
The plaintiff seeks to recover damages.
Those who purchased shares of Autoliv Inc. have certain options and should
contact the Shareholders Foundation.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring
and a settlement claim filing service, which does research related to
shareholder issues and informs investors of securities class actions,
settlements, judgments, and other legal related news to the stock/financial
market. The Shareholders Foundation, Inc. is not a law firm. The information
is provided as a public service. It is not intended as legal advice and should
not be relied upon.
CONTACT: Shareholders Foundation, Inc.
+1 (858) 779-1554
3111 Camino Del Rio North
San Diego, CA 92108
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