Nokia Faces Class-Action Suit Over Windows Phone Deal
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.'"
It just proves that in America, you can sue anybody for anything.
Nokia's defense would obviously be that market conditions changed, they could not possibly know the future, and all business decisions are inherently risky.
Also, given that Microsoft invested hundreds of millions of dollars into Nokia, their decision to go with Windows phone OS can hardly be regarded as the riskiest of choices. When one of the world's largest corporations invests in you, you are not going to go out of business the next day, or the next year.
That said, I believe Nokia would be better off turning their engineering expertise to producing some Android phones, to take advantage of the enormous app market. They are capable of making a great phone, but their operating systems have been marginalized by the success of Apple and Android. So why not go with one of the winners?
Plus I can say from personal experience that their support for developers has been shaky, what with all but dropping support for Java, then releasing the N7 and N9, then dropping them in favor of Windows Mobile. What are they going to surprise us with next month? It's safer to stick to an established and relatively stable market such as Android or IOS.
it's = "it is"; its = possessive. E.g., it's flapping its wings.
Whose platform is burning now, E-flop?
"When information is power, privacy is freedom" - Jah-Wren Ryel
I'm going to sue for every stock I have that has lost value.
And when I'm done, I'm going to sue all the companies who didn't go up as much as I would've liked!
I'll be rich!
Historically speaking, entering any kind of business deal with Microsoft usually ends badly.
Join the Slashcott! Feb 10 thru Feb 17!
...claims another victim.
"When information is power, privacy is freedom" - Jah-Wren Ryel
Filed in New York by a single complainant, the class-action suit....
Surely if there is a single complainant then this should not be a class action suit?
Surely if there is a single complainant then this should not be a class action suit?
As I've understood it, in class actions you sue for "me and everybody else like me", you don't actually need more than one direct victim if the suit passes muster. Not that I think this one will..
Live today, because you never know what tomorrow brings
The single claimant believes that there are other people that have the identical claim and it would be in Nokia and the courts interest if there was one lawsuit instead of many lawsuits.
The problem for Nokia share holders is that it appears that their CEO is getting more compensation from Microsoft than Nokia, furthering this appearance of impropriety is his decisions that appear to favor Microsoft over Nokia.
Work bio at MMWD
The solutions is to get reparation for the losses they sustained do to Nokia's poor management.
You know nothing about investing do you. That or you work for Goldman Sachs and love selling shit investments to your clients.
Again, management claimed all was right and performance would improve. If management knew this was untrue, then management was lying to investors, which is illegal.
- the one they didn't actually have a hand in, in which an amusing Internet meme claims that the older Nokia phones are virtually indestructable ("Even Chuck Norris can't break one! So uses them for nunchucks!") - is probably going to do more for their brand reputation than any involvement with Microsoft ever could.
Occasionally living proof of the Ballmer peak.
when you elop(e) with someone MS.
Your shareholders will want divorce and demand alimony.
--whacky
The rough edges of the N9 were minor. It came with real multitasking and copy/paste from the first version. It's a great phone, and despite its rough edges it would have worked out well. There are a few gaps though, not the least bit applications. Nokia makes up for th at by including support for many things right out of the box.
The biggest flaw with the N9 was that the OS was NOT a major OS. The decision to move to WP7, while lamentable was sensible. However I wonder if at the rate of innovation if the N9 would have been where it needs to be today.
The deal that was not struck that should have, was to get Samsung on board and using MeeGo. That would have brought enough attention to get MeeGo established in the mobile marketplace.
Slashdot's rate-of-post filter: Preventing you from posting too many great ideas at once.
The problem for Nokia share holders is that it appears that their CEO is getting more compensation from Microsoft than Nokia
Source?
My exception safety is -fno-exceptions.
Everybody knows that any game console besides Playstation and Nintendo is doomed to extinction
FTFY.
Microsoft had a great reason to fear, and to conquer, Nokia: the Nokia N900. The N900 was arguably the best device ever: a full computer in a mobile form factor. It just needed some polishing of the user interface. Had the polishing been done, Nokia could have been on top of the smartphone market.
With the planned successors to the N900, people would no longer need separate phones and computers. They would just have their Nokia N900-successor, carrying that with them all the time. At home, or in the office, they would attach a keyboard wirelessly and plug in a screen--and there is their computer. This would have led to a revolution in the way both computers and phones are considered.
The N900 ran Linux. So the N900 was a vector for getting rid of Windows. Microsoft saw the threat, presumably, and moved to destroy it.
Generally in class action lawsuits, the "victims" weren't harmed for a lot individually to start with. Thus, without the class action, each of them would have had to sue the defendant individually, meaning they all had to separately pay for lawyers, which may or may not have been cost effective.
I'd like to hear your ideas on a better way to compensate a large group of people who had been harmed, but not to a large extent.