Announcing a $22.5 Million Proposed Class Action Settlement Involving All Persons who Purchased Autoliv Common Stock from October 26, 2010, Through and Including July 21, 2011

NEW YORK, Sept. 10, 2014 /PRNewswire/ --

UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK

TO:     ALL PERSONS WHO PURCHASED AUTOLIV, INC. ("AUTOLIV") COMMON STOCK DURING THE PERIOD FROM OCTOBER 26, 2010, THROUGH AND INCLUDING JULY 21, 2011

YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States District Court for the Southern District of New York, that a hearing will be held on October 24, 2014, at 3:00 p.m., before the Honorable J. Paul Oetken, United States District Judge, at the United States District Court for the Southern District of New York, Thurgood Marshall United States Courthouse, 40 Foley Square, Courtroom 706, New York, New York 10007, for the purpose of determining: (1) whether the proposed Settlement of the claims in the Action for the amount of $22,500,000.00 should be approved by the Court as fair, reasonable, and adequate; (2) whether a Final Judgment and Order of Dismissal with Prejudice ("Judgment") should be entered by the Court dismissing the Action with prejudice and releasing the Released Claims; (3) whether the Plan of Distribution for the Net Settlement Fund is fair, reasonable, and adequate and should be approved; and (4) whether the application of Lead Counsel for the payment of attorneys' fees, costs, and expenses should be approved.

IF YOU PURCHASED AUTOLIV COMMON STOCK DURING THE TIME PERIOD FROM OCTOBER 26, 2010, THROUGH AND INCLUDING JULY 21, 2011, YOUR RIGHTS WILL BE AFFECTED BY THE SETTLEMENT OF THIS ACTION, INCLUDING THE RELEASE AND EXTINGUISHMENT OF CLAIMS YOU MAY POSSESS RELATING TO YOUR PURCHASE OF AUTOLIV COMMON STOCK DURING THE CLASS PERIOD.  If you have not received a detailed Notice of Pendency of Class Action and Proposed Settlement, Motion for Attorneys' Fees and Settlement Fairness Hearing ("Notice") and a copy of the Proof of Claim and Release form, you may obtain copies by writing to Autoliv Securities Litigation, Claims Administrator, c/o Epiq Systems, Inc., P.O. Box 4259, Portland, OR 97208-4259, or on the Internet at www.autolivsecuritieslitigation.com.  If you are a Class Member, in order to share in the distribution of the Net Settlement Fund, you must submit a Proof of Claim and Release by mail or online no later than December 3, 2014, establishing that you are entitled to recovery.

If you purchased Autoliv common stock during the Class Period and you desire to be excluded from the Class, you must submit a request for exclusion so that it is received no later than October 3, 2014, in the manner and form explained in the detailed Notice referred to above.  All members of the Class who do not timely and validly request exclusion from the Class will be bound by any judgment entered in the Action pursuant to the Stipulation and Agreement of Settlement.

Any objection to the Settlement, the Plan of Distribution, or Lead Counsel's request for attorneys' fees, costs, and expenses, must be received by each of the following recipients no later than October 3, 2014:

CLERK OF THE COURT
UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK
Daniel Patrick Moynihan United States Courthouse
500 Pearl Street
New York, NY  10007

Lead Counsel:

ROBBINS GELLER RUDMAN & DOWD LLP
ELLEN GUSIKOFF STEWART
655 West Broadway, Suite 1900
San Diego, CA  92101

LABATON SUCHAROW LLP
NICOLE M. ZEISS
140 Broadway, 34th Floor
New York, NY 10005

Defendants' Counsel Representative:

SKADDEN, ARPS, SLATE,
  MEAGHER & FLOM LLP
SCOTT D. MUSOFF
Four Times Square
New York, NY  10036

PLEASE DO NOT CONTACT THE COURT OR THE CLERK'S OFFICE REGARDING THIS NOTICE.  If you have any questions about the Settlement, you may contact Lead Counsel at the addresses listed above.

SOURCE United States District Court, Southern District of New York