Ericsson Pleads Guilty and Faces Other Consequences for Failing to Comply with 2019 DPA

Swedish-based multinational telecommunications company Ericsson has agreed to plead guilty to two charges originally deferred by a 2019 DPA: one count of conspiracy to violate the anti-bribery provisions of the FCPA and one count of conspiracy to violate the internal controls and books and records provisions of the FCPA and to pay an additional criminal penalty of $206,728,848 which includes the elimination of any cooperation credit originally awarded by the DPA. Ericsson will also be required to serve a term of probation through June 2024 and has agreed to a one-year extension of the independent compliance monitor.  See “Lessons from Telecom Giant Ericsson’s Billion-Dollar Record-Setting Deal” (Jan. 8, 2020).

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