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.
Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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