Investors File Class Action Suit Against Nokia
A New York law firm filed a class action lawsuit against Nokia this week, alleging that the company's executives violated the Securities Exchange Act. The complaint reads, in part: "Defendants told investors that Nokia’s conversion to a Windows platform would halt its 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. It also disclosed a glitch in its newest Windows offering – the Lumia 900. Nokia had to immediately offer customers an automatic $100, making the phone essentially free. As a result of this disclosure, the price of Nokia’s American Depositary Shares (“ADRs”) dropped over 16% in a single day." The lawsuit seeks to recover damages (i.e., financial loses) endured by Nokia stockholders. Nokia is in the middle of transitioning from Symbian to Windows Phone. The Lumia 900 and Lumia 710 are its first Windows Phone devices available to U.S. buyers.
Hands on with the Lumia 950 and XL
The Lumia 950 is Microsoft's flagship phone for Windows 10. It continues the Lumia line while showcasing the new, unified Windows 10.
BlackBerry Sues Nokia Over Patents
BlackBerry filed a patent infringement lawsuit against Nokia this week. BlackBerry claims Nokia is using its patented technology in select telecommunications equipment that Nokia sells to network operators, such as T-Mobile, without the proper licenses.
Nokia Makes HERE Sale to Audi, BMW, Daimler Official
Nokia today formally announced the sale of its HERE Maps business unit to a consortium of three German auto makers. Audi, BMW, and Daimler have agreed to buy HERE Maps for $3 billion.
Twitter Sued for Reading Direct Messages
Lawyers in California have filed a class action lawsuit against Twitter alleging that the social network reads private messages sent between users. Specifically, the lawsuit complains Twitter "surreptitiously eavesdrops on its users' private direct message communications.
LAWYER TROLLING: THEY DON'T HAVE A LEAD PLAINTIFF
The press release on their website includes a solicitation for someone to be the lead plaintiff. Ergo, they haven't already got one.
So their own press release makes it look like they are inventing this BS case, fishing for at least a single plaintiff, probably just hoping to collect their fees for processing this nonsense.
it seems like every freaking idiots can be a lawyer!
Just Fire Nokia's CEO Stephen Elop
"making the phone essentially free"
I'm not sure I get this
stupid losers should just stay out of the stock markets!