A Deadline is coming up on March 24, 2017 in the lawsuit for investors in QUALCOMM, Inc. (NASDAQ:QCOM) and NASDAQ:QCOM stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 03/15/2017 -- A deadline is coming up on March 24, 2017 in the lawsuit filed for investors of QUALCOMM, Inc. (NASDAQ:QCOM) over alleged securities laws violations by QUALCOMM, Inc.
Investors who purchased shares of QUALCOMM, Inc. (NASDAQ:QCOM) have certain options and there are strict and short deadlines running. Deadline: March 24, 2017. NASDAQ:QCOM stockholders should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
According to the complaint filed in the U.S. District Court for the Southern District of California the plaintiff alleges on behalf of purchasers of QUALCOMM, Inc. (NASDAQ:QCOM) common shares between February 1, 2012 through January 17, 2017, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between February 1, 2012 through January 17, 2017 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.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego