Saturday, February 13, 2010

Nokia says accused of securities fraud in US (AFP)

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Yahoo! News: Wireless and Mobile Technology
February 8, 2010

Nokia, the world's top mobile phone maker, said Monday a class action complaint alleging securities fraud was filed against it in New York on Friday.(DDP/AFP/File/Volker Hartmann)HELSINKI (AFP) – Nokia, the world's top mobile phone maker, said Monday a class action complaint alleging securities fraud was filed against it in New York on Friday.

"Nokia has reviewed the allegations contained in the complaint and believes that they are without merit. Nokia intends to defend itself against the complaint vigorously," it said in a statement.

Nokia said the US suit related to information it gave about production and sales of some of its devices in statements made between January 24, 2008 and September 5, 2008.

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