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Nokia Faces Class-Action Suit Over Windows Phone Deal

Posted by Soulskill on from the barn-doors-and-horses dept.

nk497 writes "Nokia has been hit with a class-action suit, with the claimant accusing the company of making 'false and misleading' statements about the ability of its deal with Microsoft to revive the struggling mobile maker. 'The complaint alleges that during the Class Period, defendants told investors that Nokia's conversion to a Windows platform would halt its deteriorating position in the smartphone market,' read a statement (PDF) from the law firm Robbins Geller Rudman and Dowd. 'It did not.'"

1 of 257 comments (clear)

  1. Re:Another ridiculous lawsuit by Saranee · · Score: 0, Troll

    It's an idiotic lawsuit. Both Microsoft and Nokia have chosen a long term business venture. Changes take time and they want to do it right. This is crying from people who want short term profits even if it means long term failures.

    Frankly and fortunately, both Microsoft and Nokia have never played that game and are better than that. They think long term. They act long term. Hell, everyone on slashdot complaints how companies just want quick profit. Microsoft and Nokia are fresh air to that.