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.
Dec 5, 2017
Google today released the final version of Files Go, its new file-management app for Android. The app serves multiple purposes: it includes a file browser, local file transfer tool, and a tool to help free up storage on your phone.
Mar 15, 2018
The CLOUD Act would give law enforcement both at home and abroad new access to Americans' personal data in violation of the Fourth Amendment, according to the Electronic Frontier Foundation. The CLOUD Act (H.R.
Oct 3, 2018
Four major internet company lobbying organizations have filed a lawsuit against California seeking to block the state's new net neutrality law. California recently signed into law strict rules governing internet providers to prevent throttling, blocking, and paid prioritization.
Mar 6, 2018
BlackBerry has filed lawsuits against Facebook, Instagram, and WhatsApp, claiming all three violate its patented messaging technology. "Defendants created mobile messaging applications that co-opt BlackBerry’s innovations, using a number of the innovative security, user interface, and functionality enhancing features," said the company in its filings.
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!