United States v. Telefonaktiebolaget LM Ericsson

As a result of its breach the December 6, 2019 Deferred Prosecution Agreement with the Department of Justice, Criminal Division, Fraud Section and the Office of the United States Attorney for the Southern District of New York (“2019 DPA”), on March 21, 2023, Ericsson pleaded guilty to the original charges deferred by the 2019 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. The plea agreement also requires Ericsson to pay an additional criminal penalty of $206,728,848 – which includes the elimination of any cooperation credit originally awarded pursuant to the 2019 DPA.

Monetary Amounts and Key Terms:

• Guilty Plea (breach of 2019 DPA) – monitor extended one year (from original 2019 DPA) to 2024
• Criminal Penalty Amount: $206,728,848
• Global Resolution?: No
• Total Global Monetary Amounts: $206,728,848
• Total U.S. Monetary Amounts: $206,728,848
• U.S. Criminal Monetary Amounts: $206,728,848