Ericsson boss sued as major shareholder calls for changes

The fallout from Ericsson’s alleged dodgy dealings has taken a new turn, with CEO Börje Ekholm (pictured) named in a class action lawsuit, and one of its biggest shareholders agitating for change.
A filing in the District Court for the Eastern District of New York late last week alleges that Ekholm and CFO Carl Mellander “made materially false and misleading statements regarding the company’s business, operations, and compliance policies”. The plaintiffs argue that i