Ericsson vows ‘zealous’ defense against U.S. suits by terror victims over alleged bribes paid to al Qaeda, ISIS
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Ericsson is being sued by hundreds of Americans who say the company’s alleged payment of bribes to al Qaeda and Islamic State — protection money meant to let it operate in Iraq — also helped fund acts of terror.
The Stockholm-based telecommunications company ERIC, +2.54% ERIC.B, +0.92%, which was sued Friday in federal court in Washington, D.C., faces claims from more than 500 U.S. service members and civilians who were victims of terrorist attacks and hostage takings from 2005 to 2021, along with the families of those killed in attacks.