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General

US judge rejects suit alleging Nokia misled shareholders over Alcatel-Lucent integration and 5G progress

Tuesday 30 March 2021 | 12:43 CET | News
A US judge has dismissed a lawsuit accusing equipment vendor Nokia of defrauding shareholders by concealing problems in integrating the former Alcatel-Lucent and in its readiness to become a leader in 5G technology, Reuters reported. On 29 March, District Judge Andrew Carter in Manhattan said Clyde Waite, the plaintiff leading the proposed class action, failed to identify any statements by Nokia that were false or misleading when they were made.

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Categories: General
Companies: Alcatel-Lucent / Nokia
Countries: United States / World
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