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

Posted: , by Ray S.

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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

  • Options

posted on 13 Dec 2012, 06:50 14

1. mercorp (Posts: 1043; Member since: 28 Jan 2012)

Say no to trolls.

posted on 13 Dec 2012, 07:58 4

6. PhenomFaz (Posts: 1236; Member since: 26 Sep 2012)

Good for Nokia, brings diversity to the market

posted on 13 Dec 2012, 06:56 2

2. Thephonegeek (Posts: 118; Member since: 22 Nov 2012)

Good for them

posted on 13 Dec 2012, 07:23 3

3. jsdechavez (Posts: 758; Member since: 20 Jul 2012)

Viva la Nokia! haha

posted on 13 Dec 2012, 07:28 1

4. gazmatic (Posts: 795; Member since: 06 Sep 2012)

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

posted on 13 Dec 2012, 07:39 1

5. Nathan_ingx (Posts: 4321; Member since: 07 Mar 2012)

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

posted on 13 Dec 2012, 08:02

7. 7thspaceman (Posts: 1583; Member since: 14 Feb 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 13 Dec 2012, 22:50

11. asseek (Posts: 164; Member since: 12 Sep 2012)

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

posted on 16 Dec 2012, 07:37

13. MC1123 (Posts: 1256; Member since: 12 Nov 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

posted on 20 Dec 2012, 03:36

14. jameshoe (unregistered)

I don't chosen Droid phone, because it requires multi-cores processor and consume a lot battery

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