Telefonaktiebolaget LM Ericsson
Ericsson entered a deferred prosecution agreement with the US Department of Justice in 2019 and paid a criminal penalty of over US$520 millionS1. In February 2022 the company said an internal probe found payments to intermediaries in Iraq at a time when ISIS controlled some transport routes, and that investigators could not determine the ultimate recipientsS2. On 2 March 2023 DOJ said Ericsson breached the agreement and would plead guilty and pay US$206,728,848 moreS1. DOJ records probation through June 2024S5. Ericsson said the monitorship ended in June 2024S3. US Anti-Terrorism Act suits over Iraq were pending in 2026S4S6.
- Also known as
- Ericsson, LM Ericsson
- Headquarters
- Sweden
- Records from
- United States, Sweden
- Current status
- Ericsson is an operating listed company. It says its DOJ compliance monitorship ended and its March 2023 plea agreement expired as of 2 June 2024S3. DOJ records a probation term through June 2024S5. Ericsson reported in March 2026 that US civil suits over alleged payments in Iraq were pending and that it continued to cooperate with a DOJ investigationS6.
- Nasdaq ticker
- ERIC
Scope. This record covers the company and its subsidiaries. It does not cover Sony Ericsson or individual employees, and it does not assess Ericsson's business outside the matters named.
Claims assessed
3 claims. Scores grade the evidence for each claim, not the organization.- Unresolved58Ericsson said in February 2022 that its Iraq investigation could not identify that any Ericsson employee was directly involved in financing terrorist organizations.Company statement, 15 February 20224 records citedSanctions
- Supported98The US Department of Justice said on 2 March 2023 that Ericsson breached its 2019 DPA and agreed to plead guilty to the deferred FCPA conspiracy charges and pay US$206,728,848.Regulator statement, 2 March 20235 records citedBribery
- Outdated80DOJ said in March 2023 that Ericsson agreed to a one-year extension of its independent compliance monitor.Regulator statement, 2 March 20232 records citedCorporate status
Cases and proceedings
- United States v. Telefonaktiebolaget LM EricssonUS Department of Justice and US District Court for the Southern District of New York. Criminal. 19-CR-884.Stage: Plea agreement with probation through June 2024S5. Expired as of 2 June 2024 per the companyS3.
- Schmitz v. Ericsson Inc.US District Court for the District of Columbia. Civil. 1:22-cv-02317-CKK.Stage: Motions to dismiss fully briefed and pending as of March 2026
- Wilson v. Ericsson Inc.US District Court for the District of Columbia. Civil. 1:25-cv-03926-CKK.Stage: Complaint filed
Responses on record
- Telefonaktiebolaget LM Ericsson, 15 February 2022, on Ericsson said in February 2022 that its Iraq investigation could not identify that any Eri...
Ericsson said investigators could not determine the ultimate recipients of the payments.S2
Revision history
- Profile and 3 assessments first published. Records checked to 25 October 2026.
Source records
- S1Tier A Ericsson to Plead Guilty and Pay Over $206M Following Breach of 2019 FCPA Deferred Prosecution AgreementUS Department of Justice, Office of Public Affairs. Regulator press release. 2 March 2023.Supports the breach, plea, penalty and monitor extension. It does not mention ISIS.Link working, checked 25 October 2026
- S5Tier A United States v. Telefonaktiebolaget LM EricssonUS Department of Justice, Criminal Division, Fraud Section. Regulator press release. 18 October 2023.DOJ case page for docket 19-CR-884 in the Southern District of New York with the plea agreement and related filings. Supports the plea and a probation term through June 2024. The date is the page's last update.Link working, checked 25 October 2026
- S3Tier B Ericsson announces conclusion of MonitorshipTelefonaktiebolaget LM Ericsson. Company statement. 3 June 2024.Supports the end of the monitorship and expiry of the plea agreement as stated by the company.Link working, checked 25 October 2026
- S2Tier B Update: Iraq media inquiriesTelefonaktiebolaget LM Ericsson. Company statement. 15 February 2022.Company account of its Iraq probe. Supports what Ericsson said it found and did not find.Link working, checked 25 October 2026
- S6Tier B Ericsson Annual Report 2025, Financial ReportTelefonaktiebolaget LM Ericsson, Form 20-F Exhibit 15.1 filed with the SEC. Company filing. 3 March 2026.Company account of pending US Anti-Terrorism Act suits and the continuing DOJ investigation. The date is when the financial statements were authorised for issue. It reports allegations, not findings.
- S4Tier D Litigation Under the Antiterrorism Act: 2025 Year in ReviewSkadden, Arps, Slate, Meagher and Flom LLP. Academic paper. 21 January 2026.Professional analysis giving case numbers and status of US civil suits against Ericsson as of January 2026. It reports allegations, not findings.Link working, checked 25 October 2026