June 27, 2014 / 6:35 AM / 3 years ago

BRIEF-Autoliv agrees to settle US securities class action

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STOCKHOLM, June 27 (Reuters) - Autoliv Inc : * Reaches agreement in principle to settle US securities class action * Says 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 $22.5 million * Says expects to record a net expense of approximately $4.5 million in its

second quarter results * Says the balance of the settlement amount will be paid by Autoliv's insurance

carrier

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