NEW YORK , April 22, 2013 /PRNewswire/ -- Autoliv, Inc.
Lifshitz Law Firm announces that a class action suit was filed in the United States District Court for the Southern District of New York , alleging that Autoliv, Inc. ("Autoliv" or the "Company") (NYSE: ALV) issued false and misleading statements to investors between October 26, 2010 and August 1, 2011 , inclusive (the "Class Period") by failing to adequately disclose (a) that the Company had colluded with other automotive supply companies dating back to 2009 to engage in wrongful antitrust practices over an extended time; and (b) that the Company's known, but undisclosed, anti-competitive practices had artificially inflated its reported gross margins and earnings for fiscal years 2009 and 2010 and for the first interim reporting period of fiscal 2011.
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