Finnish handset maker Nokia said it would defend itself against a class-action suit brought against the company in the US.The lawsuit was filed by US-based law firm Robbins Geller Rudman & Dowd – described by The Register Web site as “serial class action rottweilers”.
It claims that Nokia acted fraudulently when it failed to “halt its deteriorating position in the smartphone market” but did not tell shareholders. And it says Nokia has misled investors over its transition to using Microsoft Windows Phone operating system for future smartphones.
All “became apparent on April 11, 2012, when Nokia disclosed that its first-quarter performance would be worse than expected,” Robbins Geller said in the statement.
Nokia said it believes the allegations “are without merit” and that it will defend itself against the complaint.