ADVFN - Advanced Financial Network.
HOME» NYSE » N » NOK Stock Price » NOK Stock News

Nokia Share News

 Nokia Corp. Stock Price
NOK Stock Price
 Nokia Corp. Stock Chart
NOK Stock Chart
 Nokia Corp. Stock News
NOK Stock News
 Nokia Corp. Company Information
NOK Company Information
 Nokia Corp. Stock Trades
NOK Stock Trades

Nokia To Defend Itself Against US Class Action Suit

DOW JONES NEWSWIRES Finnish handset maker Nokia Corp. (NOK) Friday said it will defend itself against a class action suit brought against the company in the United States. The class action was filed by U.S.-based law firm Robbins Geller Rudman & Dowd LLP on Thursday, at the Southern District Court of New York. In a statement, Robbins Geller said Nokia has misled investors by claiming that its transition to using Microsoft Corp.'s (MSFT) Windows Phone operating systems for its smartphones would halt the company's deteriorating position in the smartphone market. "It did not. This became apparent on April 11, 2012, when Nokia disclosed that its first-quarter performance would be worse than expected," Robbins Geller said in the statement. Nokia said its reviewing the suit, adding however that it believes that the allegations "are without merit" and that it will defend itself against the complaint. Robbins Geller said it seeks to recover damages on behalf of all purchasers of Nokia's shares. At 1416 GMT shares in Nokia traded 9.8% lower at EUR2.41. -By Sven Grundberg; Dow Jones Newswires; +46-702 88 36 39; sven.grundberg@dowjones.com

Stock News for Nokia (NOK)
DateTimeHeadline
03/18/201521:28:02Tech Stocks: 2 to Avoid, and 1 to Buy
03/18/201513:20:01The Biggest Red Flag for Mobile Investors
03/11/201515:25:25Ericsson to Cut 2,200 Jobs -- Update
03/10/201501:13:21Canaccord: Nokia's licensing guidance understates growth potential
03/06/201500:34:16Nokia Is Preparing For Its Android Future
03/03/201519:06:55DoCoMo working with Huawei, Nokia, others on 5G
03/02/201515:28:08Microsoft Plays Waiting Game in Smartphone Race -- Update
03/02/201511:44:34Microsoft Plays Waiting Game in Smartphone Race
02/27/201506:30:54Wall Street Breakfast: Greek Bailout Extension Clears German...
02/25/201518:24:31In Mobile, Disruption Comes From Above
01/29/201505:37:21Nokia Profit Rises, Licensing Revenue Disappoints--Update
01/27/201513:21:39Ericsson Hurt by North American Slowdown -- 2nd Update
01/26/201517:39:37Microsoft's Profits Fall On Higher Costs -- 3rd Update
01/26/201517:23:00Microsoft's Profits Fall On Higher Costs -- 2nd Update
01/26/201517:05:13Microsoft's Profits Fall On Higher Costs -- Update
01/26/201516:53:14Microsoft's Profits Fall On Higher Costs
12/29/201407:38:29Foxconn India Workers Arrested
11/19/201413:34:33Shell Wins Tax Dispute in India -- Update
11/18/201421:43:11Proxy Adviser ISS Recommends Rejection of Microsoft CEO Pay Package
11/18/201417:47:37ADR Shares End Higher; JA Solar, Nokia Shares Trade Actively

Nokia and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad