Way back in May, just after the launch of the Lumia 900 from Nokia, a Nokia shareholder named Robert Chmielinski filed a lawsuit against the company. Chmielinski claimed that Nokia executives had lied to their shareholders about the sales of their Lumia smartphones at that time.
Today, Nokia sent out a brief press release announcing that "after further investigation" Chmielinski has now agreed to dismiss his lawsuit. While the press release did not go into specifics, it did say that Chmielinski made this decision " ... without any compensation being paid to any plaintiff or their counsel by any defendant." In other words, Nokia did not settle the case by paying Chmielinski any money.
It is true that Nokia has seen better days financially. The launch of the first Windows Phone-based Lumia smartphone, the Lumia 800, occurred in Europe just over a year ago, but even Nokia CEO Steven Elop admitted that sales of Lumia devices in parts of Europe were "mixed." The company had a better reception in the US when the Lumia 900 launched in April.
Now that there are a number of different Lumia smartphones for all price ranges either in stores or in the works, we suspect that Nokia will have some better financial news when it announces its fourth quarter 2012 results in January.
Source: Nokia
Via: The Next Web
15 Comments - Add comment