Nokia Corporation (NYSE: NOK) Investor Securities Class Action Lawsuit 04/19/2019

If you purchased shares of Nokia Corporation (NYSE: NOK), you have certain options and for certain investors are short and strict deadlines running. Deadline: June 18, 2019. NYSE: NOK investors should contact the Shareholders Foundation, Inc.

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Company Name(s): 
Case Name: 
Nokia Shareholder Class Action Lawsuit 04/19/2019
Case Status: 
Lawsuit Filed
Affected Securities
Lawsuit Overview
Type of Lawsuit: 
Shareholder Class Action
Date Filed: 
Class Period Begin: 
Class Period End: 
Court of Filing: 
U.S. District Court for the Southern District of New York
Deadline To File for Lead: 

An investor in shares of Nokia Corporation (NYSE: NOK) filed a lawsuit in the U.S. District Court for the Southern District of New York over alleged violations of Federal Securities Laws by Nokia Corporation in connection with certain allegedly false and misleading statements made between October 25, 2018 and March 21, 2019.

Finland based Nokia Corporation engages in the network and technology businesses worldwide. On March 22, 2019, Nokia Corporation (NYSE: NOK) reported it was looking into transactions at Alcatel-Lucent which it acquired in 2016. In a filing to the U.S. Securities and Exchange Commission, Nokia Corporation stated that "the resolution of this matter could result in potential criminal or civil penalties, including the possibility of monetary fines, which could have a material adverse effect on our business, brand, reputation or financial position".

According to the complaint the plaintiff alleges on behalf of purchasers of Nokia Corporation (NYSE: NOK) common shares between October 25, 2018 and March 21, 2019, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between October 25, 2018 and March 21, 2019, the defendants failed to disclose to investors that Alcatel-Lucent had certain compliance issues, that, as a result, the Company would be subject to regulatory scrutiny, that, as a result, the Company was reasonably likely to face penalties and fines, and that that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis