13 Jun 2022
Case involved allegations of securities disclosure offences and misuse of insider information
Helsinki – The District Court of Helsinki has dismissed all the charges and claims against former senior officials of Nokian Tyres for a stock-exchange disclosure offence, the Finnish tire maker has announced.
The case, brought to court by the prosecutor in autumn 2020, involved former president and CEO Hille Korhonen, Raimo Lind, Inka Mero, Hannu Penttilä and Petteri Walldén, who served as members of Nokian Tyres plc’s board of directors in 2015–2016 and also Ari Lehtoranta, president & CEO at the time.
The charges related to a stock exchange release given by the company on 29 February 2016, which was allegedly delayed, said Nokian in a statement 10 June.
In addition, four persons who were employees at Nokian Tyres in 2015 were charged for abuse of inside information.
The District Court of Helsinki, Nokian said, dismissed "all charges and claims" by the prosecutor in its ruling on 10 June.
As reported by ERJ, the prosecutor had requested a corporate fine of a maximum of €850,000 to be imposed on the company.
Subscribe for unlimited access. A subscription to European Rubber Journal includes:
Already a subscriber? Log in here
