Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: LM Ericsson
Current Parent Company: Ericsson
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $206,000,000
Year: 2023
Date: March 2, 2023
Offense Group: competition-related offenses
Primary Offense: Foreign Corrupt Practices Act
Secondary Offense: kickbacks and bribery
Mega-Scandal: Foreign Bribery
Violation Description: LM Ericsson, a multinational telecommunications company headquartered in Stockholm, Sweden, agreed to plead guilty and pay a criminal penalty of more than $206 million after breaching a 2019 Deferred Prosecution Agreement.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Criminal Division
Civil or Criminal Case: criminal
HQ Country of Current Parent: Sweden
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: telecommunications
Specific Industry of Current Parent: telecommunications
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.