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;–Glancy
Prongay & Murray LLP (“GPM”) reminds investors of the upcoming June
18, 2019 deadline to file a lead plaintiff motion in the class
action filed on behalf of Nokia Corporation (“Nokia” or the “Company”)
(NYSE: NOK)
investors who purchased securities between April 15, 2015 and
March 21, 2019, inclusive (the “Class Period”).
If you are a shareholder who suffered a loss, click here to
participate.
If you wish to learn more about this action, or if you have any
questions concerning this announcement or your rights or interests with
respect to these matters, please contact Lesley Portnoy, Esquire, at
310-201-9150, Toll-Free at 888-773-9224, or by email to [email protected],
or visit our website at www.glancylaw.com.
On March 21, 2019, the Company disclosed that it had been, “made aware
of certain practices relating to compliance issues at the former Alcatel
Lucent business [acquired by Nokia November 2016] that have raised
concerns.” Nokia then advised investors that it had initiated an
internal investigation and that it was cooperating with regulatory
authorities to resolve the matter. On this news, shares of Nokia fell
$0.38 per share, or over 6%, to close at $5.88 on March 22, 2019,
thereby injuring investors.
The complaint filed in this class action alleges that throughout the
Class Period, Defendants made materially false and/or misleading
statements, as well as failed to disclose material adverse facts about
the Company’s business, operations, and prospects. Specifically,
Defendants failed to disclose to investors: (1) that Alcatel-Lucent had
certain compliance issues; (2) that, as a result, the Company would be
subject to regulatory scrutiny; (3) that, as a result, the Company was
reasonably likely to face penalties and fines; and (4) 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.
Follow us for updates on Twitter: twitter.com/GPM_LLP.
If you purchased or otherwise acquired Nokia securities during the Class
Period you may move the Court no later than June 18, 2019 to
request appointment as lead plaintiff in this putative class action
lawsuit. To be a member of the class action you need not take any action
at this time; you may retain counsel of your choice or take no action
and remain an absent member of the class action. If you wish to learn
more about this class action, or if you have any questions concerning
this announcement or your rights or interests with respect to the
pending class action lawsuit, please contact Lesley Portnoy, Esquire, of
GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067
at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected],
or visit our website at www.glancylaw.com.
If you inquire by email please include your mailing address, telephone
number and number of shares purchased.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
Contacts
Glancy Prongay & Murray LLP, Los Angeles
Lesley Portnoy,
310-201-9150 or 888-773-9224
[email protected]
www.glancylaw.com
