Nokia Corporation

Practice Area: 
Stock Symbol: 
NOK
Case Status: 
Investigations

Ademi & O’Reilly, LLP is investigating possible securities fraud claims against Nokia (NYSE: NOK) resulting from inaccurate statements Nokia made regarding its internal controls, business practices, financial statements and prospects.

The investigation focuses on whether Nokia issued false and misleading statements regarding its internal controls, business practices and prospects.  Specifically, Nokia’s cost for new equipment for 5G installations was greater than reported, Nokia was having difficulty with its pricing strategy in China, and Nokia’s integration and costs with respect to its acquisition of Alcatel-Lucent were much more complicated and more expensive than reported.