Law Offices of Todd M. Garber Announces Class Action Lawsuit Against Autoliv, Inc.

LOS ANGELES--(BUSINESS WIRE)--

The Law Offices of Todd M. Garber announces that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of a class (the “Class”) comprising all purchasers of the common stock of Autoliv, Inc. (“Autoliv” or the “Company”) (ALV) between October 26, 2010 and August 1, 2011 (the “Class Period”).

Autoliv engages in the development, manufacture and supply of automotive safety systems to the automotive industry. The Complaint alleges that the defendants violated federal securities laws by issuing materially false and misleading statements regarding Autoliv’s business practices with respect to its product pricing and potentially anti-competitive conduct, thereby causing Autoliv stock to trade at artificially inflated prices during the Class Period. The Complaint further alleges 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 subjecting the Company to material undisclosed risks, including monetary and reputational risks.

If you are a member of the above-described Class, you may move the Court no later than June 17, 2013 to serve as lead plaintiff; however, you must meet certain legal requirements. To be a member of the Class you need not take any action at this time, or you may retain counsel of your choice. If you have information or would like to learn more about these claims, or if you purchased Autoliv shares prior to the Class Period and have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Todd M. Garber, Esquire, of the Law Offices of Todd M. Garber, by telephone at 213-700-7262 or by email to info@toddgarberlaw.com.

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