A lawsuit was filed on behalf of investors in Nokia Corporation (NYSE: NOK) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 05/09/2019 -- An investor, who purchased shares of Nokia Corporation (NYSE: NOK), filed a lawsuit over alleged violations of Federal Securities Laws by Nokia Corporation in connection with certain allegedly false and misleading statements.
Investors who purchased shares of Nokia Corporation (NYSE: NOK) have certain options and for certain investors are short and strict deadlines running. Deadline: June 18, 2019. NYSE: NOK investors should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
Finland based Nokia Corporation engages in the network and technology businesses worldwide. On March 22, 2019, Nokia Corporation (NYSE: NOK) reported it was looking into transactions at Alcatel-Lucent which it acquired in 2016. In a filing to the U.S. Securities and Exchange Commission, Nokia Corporation stated that "the resolution of this matter could result in potential criminal or civil penalties, including the possibility of monetary fines, which could have a material adverse effect on our business, brand, reputation or financial position".
The plaintiff claims that between October 25, 2018 and March 21, 2019, the defendants failed to disclose to investors that Alcatel-Lucent had certain compliance issues, that, as a result, the Company would be subject to regulatory scrutiny, that, as a result, the Company was reasonably likely to face penalties and fines, and that 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
Those who purchased shares of Nokia Corporation (NYSE: NOK) have certain options and should contact the Shareholders Foundation.
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The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.