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Nokia GmbH Meesmannstr. 103 44807 Bochum, Germany http://www.nokia.com
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Nokia GmbH

Class action against Nokia dismissed in its entirety

US judge denies plaintiffs the opportunity to file a second or amended complaint

(PresseBox) (New York, NY, USA, )
Judge Kenneth M. Karas of the United States District Court for the Southern District of New York granted Nokia Corporation's Motion to Dismiss all claims made in the class action securities litigation filed against Nokia Corporation and several of its executives in April 2004.

Judge Karas dismissed with prejudice each and every claim against Nokia Corporation and the individual defendants.

In a 77-page opinion, Judge Karas carefully reviewed each of the plaintiffs' allegations and found none of them to be substantiated by fact. By dismissing the claims with prejudice, Judge Karas has denied the plaintiffs the opportunity to raise them again. In addition, he has denied the plaintiffs the right to file an amended complaint, finding that continued pursuit of the case would be futile.

Nokia is very pleased with the decision, as the company has not at any stage of the case believed there to be any merit to the plaintiffs' allegations. The judge's decision clearly affirms this belief.
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The publisher indicated in each case is solely responsible for the press releases above, the event or job offer displayed, and the image and sound material used (see company info when clicking on image/message title or company info right column). As a rule, the publisher is also the author of the press releases and the attached image, sound and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.