Nokia responds to class action complaint
Nokia is under scrutiny from one of their investors who thinks Windows Phone has not helped turn things around in the company.
Long story short, Robert Chmielinski filed a class action lawsuit against the company in a US District Court in New York. Nokia has, of-course, denied these allegations that they misled investors with Windows Phone, saying that they are on the right track.
Time will tell if Nokia makes it through. The company is in another transition phase, and the Lumia Windows Phones seem to be doing okay so far. Hopefully they’ll get their act together quicker. Windows Phone 8 better bring some much-wanted missing features.
First Nokia was criticized because Symbian was feature-rich but slow. Now they’re being criticized because Windows Phone is quick, but lacking on features. D’oh.
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Nokia’s comment on class action complaint
Espoo, Finland – Nokia has become aware of the filing of a securities class action complaint naming Nokia Corporation as a defendant, filed in the US District Court for the Southern District of New York on May 3, 2012. Nokia is reviewing the allegations contained in the complaint and believes that they are without merit. Nokia will defend itself against the complaint.