An investigation on behalf of investors in QUALCOMM, Inc. (NASDAQ:QCOM) shares over potential wrongdoing at QUALCOMM, Inc. was announced and NASDAQ:QCOM stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 07/14/2015 -- An investigation on behalf of current long-term investors in shares of QUALCOMM, Inc. (NASDAQ:QCOM) shares was announced over potential breaches of fiduciary duties by certain officers and directors at QUALCOMM, Inc.
Investors who purchased shares of QUALCOMM, Inc. (NASDAQ:QCOM) and currently hold any of those NASDAQ:QCOM shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain QUALCOMM officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
On April 23, 2014, QUALCOMM, Inc. reported its first quarter 2014 financial results. Among other things, QUALCOMM, Inc. disclosed that on January 27, 2012, QUALCOMM, Inc. learned that the U.S. Attorney's Office for the Southern District of California/Department of Justice (collectively, DOJ) had begun an investigation regarding the Company's compliance with the Foreign Corrupt Practices Act (FCPA) and that on March 13, 2014, QUALCOMM, Inc. received a Wells Notice from the SEC's Los Angeles Regional Office indicating that the staff has made a preliminary determination to recommend that the SEC file an enforcement action against the Company for violations of the anti-bribery, books and records and internal control provisions of the FCPA.
On July 10, 2015, NASDAQ:QCOM shares closed at $62.73 per share.
Those who purchased shares of QUALCOMM, Inc. (NASDAQ:QCOM), have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego