NEW YORK, May 16, 2019 (GLOBE NEWSWIRE) -- Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of Nokia Corporation (NOK) from April 15, 2015 through March 21, 2019, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Nokia investors under the federal securities laws.
If you wish to serve as lead plaintiff, you must move the Court no later than June 18, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation http://zhanginvestorlaw.com/join-action-form/?slug=nokia-corporation&id=1851 or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. or Spencer Lee toll-free at 800-991-3756 or email firstname.lastname@example.org, email@example.com for information on the class action.
According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Alcatel-Lucent S.A. (“Alcatel”), a French global telecommunications equipment company acquired by Nokia in November 2016, maintained insufficient internal controls and was materially non-compliant in its business practices; (2) Nokia had failed to conduct adequate due diligence into Alcatel prior to its acquisition; (3) subsequent to the completion of Nokia’s acquisition of Alcatel, the Company maintained insufficient internal controls over the integration of Alcatel’s businesses; (4) as a result of the foregoing, at all relevant times, Nokia was at risk of serious criminal and civil penalties; and (5) as a result, Nokia’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class has not been certified. You may retain counsel of your choice. You may take no action at this time and be an absent class member. Your ability to obtain a recovery is not dependent upon being a lead plaintiff.
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