Nokia Hit With Lawsuit Over Poor Lumia Windows Phone Sales

Friday May 4th 2012 by Staff

A disgruntled shareholder has filed a class action lawsuit against the phone manufacturer.

The Inquirer: Angry about poor sales of the Nokia Lumia smartphone which runs Microsoft's Windows Phone OS, shareholder Robert Chmielinski has filed a class action lawsuit against Nokia. "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. It did not," explained Chmielinski's attorney.

Nokia issued a statement saying, "Nokia is reviewing the allegations contained in the complaint and believes that they are without merit. Nokia will defend itself against the complaint."

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