LOS ANGELES–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24NOK&src=ctag” target=”_blank”gt;$NOKlt;/agt; lt;a href=”https://twitter.com/hashtag/ClassAction?src=hash” target=”_blank”gt;#ClassActionlt;/agt;–The
Schall Law Firm, a national shareholder rights litigation firm,
announces the filing of a class action lawsuit against Nokia Corporation
(“Nokia” or “the Company”) (NYSE: NOK)
for violations of §§10(b) and 20(a) of the Securities Exchange Act of
1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and
Exchange Commission.
Investors who purchased the Company’s shares between April 15, 2015 and
March 21, 2019, inclusive (the ”Class Period”), are encouraged to
contact the firm before June 18, 2019.
If you are a shareholder who suffered a loss, click
here to participate.
We also encourage you to contact Brian Schall, or Sherin Mahdavian, of
the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA
90067, at 424-303-1964, to discuss your rights free of charge. You can
also reach us through the firm’s website at www.schallfirm.com,
or by email at [email protected].
The class, in this case, has not yet been certified, and until
certification occurs, you are not represented by an attorney. If you
choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading
statements to the market. Nokia acquired Alcatel-Lucent S.A. (“Alcatel”)
in November 2016. Alcatel failed to maintain sufficient internal
controls, and its business practices were materially non-compliant.
Nokia failed to undertake appropriate due diligence before acquiring
Alcatel. After the acquisition, the Company allowed the insufficient
controls over Alcatel to remain in place. This put the Company at risk
of significant criminal and civil penalties. Based on these facts, the
Company’s public statements were false and materially misleading
throughout the class period. When the market learned the truth about
Nokia, investors suffered damages.
Join
the case to recover your losses.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder rights
litigation.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and rules of ethics.
Contacts
The Schall Law Firm
Brian Schall, Esq.,
Sherin Mahdavian, Esq.,
www.schallfirm.com
Office:
310-301-3335
Cell: 424-303-1964
[email protected]
