Cast


Nokia Corporation (NOK)

(NYSE: NOK)

SUMMARY

 
 

Faruqi & Faruqi, LLP Announces Investigation of Nokia Corporation

Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Nokia Corporation (“Nokia” or the “Company”) (NYSE: NOK).

The investigation seeks to determine whether Nokia and certain of its officers’ statements concerning the Company’s conversion to a Windows platform violated federal securities laws.  On April 11, 2012, Nokia disclosed that its first quarter performance would be worse than expected, while also disclosing a glitch in the newest Windows offering – the Lumia 900.  Nokia was forced to offer its customers a $100 reimbursement, making the phone essentially free.

As a result of this disclosure, Nokia’s share price dropped over 16% in a single day.

 
 

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Case:Nokia Corporation (NOK)
 
 
 
   
 
 

Case Details

Contact Counsel

Richard W. Gonnello
Francis P. McConville
Faruqi & Faruqi, LLP
369 Lexington Avenue 10th Floor
New York, NY 10017
Tel: (212) 983-9330
Email:  rgonnello@faruqilaw.com
fmcconville@faruqilaw.com

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