A lawsuit was filed on behalf of investors in QUALCOMM, Inc. (NASDAQ:QCOM) shares over alleged securities laws violations and NASDAQ:QCOM investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 01/25/2017 -- An investor, who purchased shares of QUALCOMM, Inc. (NASDAQ:QCOM), filed a lawsuit in California over alleged Securities Laws violations by QUALCOMM, Inc.
Investors who purchased shares of QUALCOMM, Inc. (NASDAQ:QCOM) have certain options and for certain investors are short and strict deadlines running. Deadline: March 24, 2017. NASDAQ:QCOM investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The plaintiff claims that the Defendants made false and/or misleading statements and/or failed to disclose that Qualcomm was engaging and/or had engaged in anticompetitive conduct to maintain a monopoly for semiconductors used in mobile phones in violation of the FTC Act, that in turn, Qualcomm lacked effective internal controls over financial reporting, and that as a result, the Defendants' public statements were materially false and misleading at all relevant times.
On January 17, 2017, it was reported that U.S. antitrust officials were poised to sue QUALCOMM, Inc for allegedly using unfair practices in the way it licenses its technology.
On January 20, 2017 it was reported that Apple Inc filed a $1 billion lawsuit against QUALCOMM, Inc. Apple Inc accused QUALCOMM, Inc of overcharging for chips and refusing to pay some $1 billion in promised rebates. Among other things, Apple Inc alleged that QUALCOMM, Inc attempted to extort Apple Inc into changing its responses and providing false information to the South Korea's antitrust regulator, the Korea Fair Trade Commission in exchange for Qualcomm's release of those payments to Apple and that Apple Inc refused.
Shares of QUALCOMM, Inc. (NASDAQ:QCOM) declined to as low as $53.80 per share on January 23, 2017.
Those who purchased shares of QUALCOMM, Inc. have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com