An investigation on behalf of current long term investors in QUALCOMM, Inc. (NASDAQ:QCOM) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NASDAQ:QCOM stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 05/31/2017 --An investigation on behalf of current long-term investors in shares of QUALCOMM, Inc. (NASDAQ:QCOM) concerning potential breaches of fiduciary duties by certain directors and officers of QUALCOMM, Inc. was announced.

Investors who are current long term investors in QUALCOMM, Inc. (NASDAQ:QCOM) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm for current long term investors in NASDAQ:QCOM stocks follows a lawsuit filed against QUALCOMM, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in QCOM stocks, concerns whether certain QUALCOMM directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Southern District of California the plaintiff alleges 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.

QUALCOMM, Inc. reported that its Total Revenue declined from over $25.28 billion for the 12 months period that ended on September 27, 2015 to over $23.55 billion for the 12 months period that ended on September 25, 2016 and that its Net Income for those respective time periods increased from over $5.27 billion to over $5.7 billion.

Shares of QUALCOMM, Inc. (NASDAQ:QCOM) grew from $44.02 per share in February 2016 to as high as $70.09 per share in October 2016.

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