NEW YORK, May 24, 2012 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Nokia Corporation ("Nokia" or the "Company") (NYSE: NOK).
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The investigation seeks to determine whether Nokia and certain of its officers' statements concerning the Company's conversion to a Windows platform violated federal securities laws. On April 11, 2012, Nokia disclosed that its first quarter performance would be worse than expected, while also disclosing a glitch in the newest Windows offering - the Lumia 900. Nokia was forced to offer its customers a $100 reimbursement, making the phone essentially free.
As a result of this disclosure, Nokia's share price dropped over 16% in a single day.
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Take Action
If you purchased Nokia Corporation securities between October 26, 2011 and April 10, 2012 and would like to discuss your legal rights, visit www.faruqilaw.com/NOK. You can also contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com or fmcconville@faruqilaw.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding Nokia's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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FARUQI & FARUQI, LLP
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New York, NY 10017
Attn: Richard Gonnello, Esq.
rgonnello@faruqilaw.com
Francis McConville, Esq.
fmcconville@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330
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