HELSINKI, Finland—The District Court of Helsinki has dismissed all the charges and claims against former senior officials of Nokian Tyres P.L.C. for a stock-exchange disclosure offense, the Finnish tire maker has announced.
The case, brought to court by the prosecutor in fall 2020, involved former President and CEO Hille Korhonen, Raimo Lind, Inka Mero, Hannu Penttila and Petteri Wallden, who served as members of Nokian Tyres's board of directors in 2015-16, as well as Ari Lehtoranta, president and CEO at the time.
The charges related to a stock exchange release given by the company on Feb. 29, 2016, which was allegedly delayed, said Nokian in a June 10 statement.
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 June 10 ruling.
As reported by European Rubber Journal, the prosecutor had requested a corporate fine of a maximum of nearly $900,000 (€850,000) to be imposed on the company.