2 ERISA Actions Against Nokia Merged

Law360, New York (June 29, 2010, 2:12 PM EDT) -- A federal judge has consolidated two proposed class actions alleging Nokia Inc. concealed information that led members of the mobile device maker’s employee pension plan to suffer tens of millions of dollars in losses in 2008.

Judge George B. Daniels of the U.S. District Court for the Southern District of New York on Monday merged the two actions that claim breaches of fiduciary duties by Nokia and other plan administrators in violation of the Employee Retirement Income Security Act and appointed Harwood Feffer LLP and Glancy...
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