Monday, Nokia Corp. (NOK) said it has become aware of the filing of a class action complaint against Nokia on February 5, 2010 in the U.S. District Court for the Southern District of New York alleging securities fraud relating to the statements made by the company between January 24, 2008 and September 5, 2008 regarding the production and sales of certain of its mobile devices.
Also, the company stated that it has reviewed the allegations contained in the complaint and believes that they are without merit. Nokia plans to defend itself against the complaint vigorously.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.