LM Ericsson Agrees to Plead Guilty and Pay $206M for Violation of 2019 FCPA DPA

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Friday, March 10, 2023
Author: 
Bruce Zagaris
Volume: 
39
Issue: 
3
Abstract: 

On March 2, 2023, the United States Department of Justice (DOJ) announced that Telefonaktiebolaget LM Ericsson (Ericsson), a multinational telecommunications company headquartered in Stockholm Sweden has agreed to plead guilty and pay a criminal penalty of more than $206 million after violating a 2019 Deferred Prosecution Agreement (DPA).