Morgan & Morgan Notifies Investors in Autoliv of Class Action Lawsuits and the Deadline of June 17, 2013 to Seek a Lead Plaintiff Position -- ALV

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NEW YORK, May 9, 2013 (GLOBE NEWSWIRE) -- Morgan & Morgan announces that a class action has been filed in the United States District Court for the Southern District of New York on behalf of purchasers of Autoliv, Inc. ("Autoliv or the "Company") (NYSE:ALV) common stock between October 26, 2010 and August 1, 2011 (the "Class Period"). The complaint charges Autoliv and certain of its officers and directors with violations of the Securities Exchange Act of 1934.

If you purchased Autoliv between October 26, 2010 and August 1, 2011, you may, no later than June 17, 2013, request that the Court appoint you lead plaintiff of the proposed class. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

If you purchased Autoliv and want more information about the Autoliv securities fraud class action, please contact George Pressly, Esq. at 1 (800) 631-6234 or email George at

The complaint alleges that prior to and during the Class Period, Autoliv engaged in wrongful anti-competitive business practices with other automotive industry suppliers. As a result, Autoliv reported quarter after quarter "record" gross margins and earnings during the Class Period, causing artificial inflation in its stock price.

The complaint alleges that by February 2011, the United States Department of Justice ("DOJ") had begun investigating Autoliv's potential antitrust violations. Between the 7th and 9th of June 2011, the antitrust authorities of the European Commission (the "EC") raided Autoliv's German subsidiary, seeking evidence of Autoliv's alleged anti-competitive misconduct. As the market assimilated the news of the EC raid, disclosed on July 8, 2011, followed by statements during the July 25, 2011 second quarter earnings conference that the Company had already spent upwards of $4 million on legal fees and could no longer predict what impact the antitrust investigations would have on its previously reported and future gross margins and earnings, the price of Autoliv stock plummeted, closing below $62 per share on August 2, 2011. On June 6, 2012, the DOJ announced that Autoliv had agreed to plead guilty to price fixing of automobile parts installed in U.S. cars and to pay a $14.5 million criminal fine.

About Morgan & Morgan

Morgan & Morgan is one of the nation's largest 200 law firms. In addition to securities fraud, the firm also practices in the areas of antitrust, personal injury, consumer protection, overtime, and product liability. All of the Firm's legal endeavors are rooted in its core mission: provide investor and consumer protection and always fight "for the people."

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CONTACT: Morgan & Morgan Peter Safirstein, Esq. 28 West 44th Street Suite 2001 New York, NY 10036 1-800-631-6234

Source: Morgan & Morgan