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Investors File Class Action Suit Against Nokia

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May 4, 2012, 2:07 PM


Sorry for the all-caps, but I felt like shouting.

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.
do you need a license to be a lawyer?
it seems like every freaking idiots can be a lawyer!
Nevermind, the actual filing does list "Robert Chmielinski".

May 4, 2012, 2:43 PM

What Glitch?

What was the Glitch on the Numia 900?
It couldn't automatically connect to the LTE network. You could manually do it by going into settings but, Nokia quickly sent out an update to fix this issue.

May 4, 2012, 2:47 PM

Just Fire Nokia's CEO Stephen Elop

They don't need a lawsuit. All they need to do is fire CEO Stephen Elop. In 3 months they could be turning up both windows and android phones. Let the market determine the fate of Nokia, not some ex-microsoft employee (Elop)

May 4, 2012, 11:09 AM

"making the phone essentially free"

As if all Nokia got per-handset was $100. The carrier pays them full price on the phones and sells them at a loss. Nokia only lost $100 per phone through April 22.

Yeah, that's a confused and moronic complaint they are offering.

May 4, 2012, 10:50 AM

I'm not sure I get this

Are they saying Nokia knowingly lied? If a company just makes some bad calls, is that actionable? Investing involves risk. They invested in a company that's had a shrinking market share for some time that is banking on platform that's been lagging behind the market, as well.
hey, it' much easier to somebody than being stupid!
stupid losers should just stay out of the stock markets!
Of course it is not actionable. Any court in the country that doesn't laugh this away needs to be under review. If this were to hold up under judicial scrutiny, it would lead to more lawsuits where investors making poor choices would sue the compani...
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