The list of stocks tumbling was large on Friday with the market seeing extensive selling, but here are six of the notable ones.
Autoliv (ALV) tumbled 11% after the company provided additional information in regards to its antitrust issues. As previously disclosed, Autoliv ASP, a company subsidiary, on February 8, 2011 received a grand jury subpoena from the Antitrust Division of the DoJ requesting documents and information as part of a long-running investigation into possible anti-competitive behavior among certain suppliers to the automotive vehicle industry, including Autoliv; and on June 7-9, 2011, representatives of the antitrust authorities of the European Commission (?EC?) visited two facilities of Autoliv BV & Co KG, a company subsidiary in Germany, to gather information for a similar inquiry.
The DOJ and EC investigations are still ongoing. It is likely that, for the reporting periods in which the related liabilities become estimable or the investigations are
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