NEW YORK, June 13, 2013 /PRNewswire/ -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased Autoliv, Inc. ("Autoliv" or the "Company") (NYSE: ALV) stock between October 26, 2010 and August 1, 2011.
For more information, click here: http://zlk.9nl.com/autoliv/.
The complaint alleges that Autoliv engaged in wrongful anti-competitive business practices with other industry suppliers in order to control market prices of products sold by Autoliv and its competitors; the complaint further alleges that these wrongful practices served to artificially inflate stock prices and justify the payment of substantial salary increases and incentives to the Company's executives.
By February of 2011, the Department of Justice had begun its investigation of Autoliv. On June 6, 2012, Autoliv agreed to plead guilty to price fixing of automobile parts installed in US cars and to pay a $14.5 million criminal fine.
If you suffered a loss in Autoliv you have until June 17, 2013 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (877) 363-5972, or visit http://zlk.9nl.com/autoliv/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
SOURCE Levi & Korsinsky, LLP