Nokia

As Nokia's share price goes up, lawsuit against the company goes down

posted by Ray S. / Dec 13, 2012, 6:44 AM

As Nokia's share price goes up, lawsuit against the company goes down

Nokia has been under legal attack by one of its investors, Robert Chmielinksi, since more than half a year, but the company can now breathe a bit more easily, as Chmielinski has dropped all charges.

The shareholder was accusing Nokia CEO, Stephen Elop, of overstating the awesomeness of the Windows Phone 7 operating system and Nokia's initial line-up with the platform. In addition, Chmielinski claimed that CEO Stephen Elop and CFO Timo Ihamuotila have lied about Lumia sales figures. Because of this, the investor decided to seek some compensation through court.

However, it now turns out that the investor is no longer suing Nokia, as he has dropped all charges for an unknown reason. Some unofficial sources speculate that this may have something to do with Nokia's significant share price rise over the last month. Or who knows, the guy might have finally embraced Windows Phone!

via: WMPoweruser

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10 Comments

1. mercorp

Posts: 1045; Member since: Jan 28, 2012

Say no to trolls.

posted on Dec 13, 2012, 6:50 AM 14

6. PhenomFaz

Posts: 1236; Member since: Sep 26, 2012

Good for Nokia, brings diversity to the market

posted on Dec 13, 2012, 7:58 AM 4

2. Thephonegeek

Posts: 118; Member since: Nov 22, 2012

Good for them

posted on Dec 13, 2012, 6:56 AM 2

3. jsdechavez

Posts: 792; Member since: Jul 20, 2012

Viva la Nokia! haha

posted on Dec 13, 2012, 7:23 AM 3

4. gazmatic

Posts: 807; Member since: Sep 06, 2012

i guess it was too late to invest in the first trillion dollar company.... /s

posted on Dec 13, 2012, 7:28 AM 1

5. Nathan_ingx

Posts: 4769; Member since: Mar 07, 2012

Sued by own investor...that's not a good thing. Maybe he was insecure...

posted on Dec 13, 2012, 7:39 AM 1

7. 7thspaceman

Posts: 1597; Member since: Feb 14, 2011

Nokia is selling enough smart phones and feature phones to stay aloft. I think they need to make a 4.3 inch high def screen Nokia Lumia 900 with a dual core CPU and other electronics in it to run Window phone 8 on it to have a second super tech smart phone on the market place. it appears that only the Nokia 920 has a high def screen which makes it have veryt detailed images the rest of the Nokia lines does not have high def screens even though they are windows 8 smart phones who's OS can run a high def screen

posted on Dec 13, 2012, 8:02 AM 0

11. asseek

Posts: 164; Member since: Sep 12, 2012

dude do u copy paste this comment on every Nokia news article?

posted on Dec 13, 2012, 10:50 PM 0

13. MC1123

Posts: 1256; Member since: Nov 12, 2012

i think it's just normal for him to act like that because windows phone 7 is not really great but ithi think wp8 can't really save them now, still need more ground breaking tech