FILE PHOTO: The logo of Nokia is seen before the company's news conference in Espoo, Finland March 2, 2020. Lehtikuva/Markku Ulander via REUTERS
He also said it was not plausible that Nokia’s statements would have misled reasonable investors, given the company’s “numerous and continuous disclosures regarding the Alcatel integration and 5G progress.”Waite’s lawyers did not immediately respond to requests for comment outside market hours. Lawyers for Nokia and former Chief Executive Rajeev Suri, who was also a defendant, did not immediately respond to similar requests.
Then in October 2019, Nokia slashed its profit outlook and suspended its dividend, citing the need to spend more money amid a “competitive intensity” for 5G market share.
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