Judge dismisses Ericsson shareholder lawsuit over Iraq scandal

Swedish kit maker Ericsson has been let off the hook after a court ruled that it didn’t dupe shareholders about its misdeeds in Iraq.
Ericsson, as well as CEO Börje Ekholm and CFO Carl Mellander, were named in a class action lawsuit brought against the company in March 2022 in the aftermath of the stunning revelations of corruption at its Iraqi unit.
Ericsson’s admission of various kickbacks – coupled with allegations by investigative journalists that some of its payments