Nokia Corporation

The Law Offices of Howard G. Smith is investigating whether Nokia Corporation (NYSE: NOK) breached its fiduciary duty to its employees who were invested in its 401(k) Plan by steering its employees to invest their retirement savings in Nokia when the Company knew that doing so was a bad investment.

Specifically, the Law Offices of Howard G. Smith believes that the Company steered its employees to invest their retirement savings in Company stock despite knowing, among other things, that the Company was failing to disclose that the Company was likely to experience production delays associated with its mid-price range cellular phones, including certain of the Company’s smartphones, that as result of the production delays the Company was not as profitable as it appeared, and that when the investing public learned of the problems the share price would plummet.

In fact, on September 5, 2008, Nokia issued a press release announcing its outlook for its mobile device market share for the third quarter of 2008. The Company cited in a conference call later that day a production glitch with a mid-range device. In response to this statement, the price of Nokia ADSs dropped approximately 8%, to $20.62, on heavy volume.

The Law Offices of Howard G. Smith believes that the Company acted unfairly towards its employees and seeks to recover the money that they have lost on their investment in the Company's 401(k) Plan. If you were an employee of Nokia Corporation (NYSE: NOK) and are invested in the Company’s 401(k) Plan, please call the Law Offices of Howard G. Smith and speak to Mr. Smith directly regarding how he can help you, or complete the online questionnaire and Mr. Smith will promptly call you.