Law offices of howard g. smith announces investigation on behalf of investors of autoliv, inc.

Bensalem, pa.--(business wire)--law offices of howard g. smith announces that it is investigating potential claims against autoliv, inc. (“autoliv” or the “company”) (nyse:alv) concerning possible violations of federal securities laws. the investigation focuses on allegations that certain statements issued by autoliv between october 26, 2010 and august 1, 2011 were false and misleading regarding autoliv’s business practices and product pricing. autoliv is based in stockholm, sweden, and through its subsidiaries engages in the development, manufacture and supply of automotive safety systems to the automotive industry. the investigation is related to allegations that the company engaged in wrongful anti-competitive business practices with other automotive industry suppliers, which were designed to control the market prices of the products sold by autoliv and others, thereby causing autoliv stock to trade at artificially inflated prices and subjecting the company to material undisclosed risks, including monetary and reputational risks. in early 2011, a united states department of justice investigation of autoliv for potential antitrust violations was followed by a june 2011 raid of autoliv’s german subsidiary by antitrust authorities of the european commission seeking evidence of anti-competitive misconduct. news of the raid and the company’s disclosure that it had already spent more than $4 million on legal fees caused the price of autoliv stock to plummet below $62 per share on august 2, 2011. if you purchased autoliv shares between october 26, 2010 and august 1, 2011, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact howard g. smith, esquire, of law offices of howard g. smith, 3070 bristol pike, suite 112, bensalem, pennsylvania 19020 by telephone at (215) 638-4847, toll free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.
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