Autoliv said has entered into a memorandum of understanding regarding the settlement of its pending U.S. class action securities lawsuit. As previously disclosed, Autoliv, two of its officers and one of its employees are defendants in a purported class action securities lawsuit filed by the Construction Laborers Pension Trust of Greater St. Louis on April 17, 2013 in the United States District Court for the Southern District of New York. The lawsuit alleges that Autoliv misrepresented or failed to disclose that antitrust violations by Autoliv artificially inflated Autoliv’s earnings and stock price in violation of the federal securities laws. Autoliv has entered into a memorandum of understanding with plaintiff reflecting an agreement in principle to settle the lawsuit and the claims of the alleged class for a payment of $22.5M. Autoliv expects to record a net expense of approximately $4.5M in its Q2 results. The balance of the settlement amount will be paid by Autoliv’s insurance carrier.