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US: Qualcomm hit with shareholder suit over Apple claims

By  |  January 25, 2017

A lawsuit was filed on behalf of investors in Qualcomm, shares over alleged securities laws violations and NASDAQ:QCOM investors should contact the Shareholders Foundation.

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    An investor, who purchased shares of Qualcomm, filed a lawsuit in California over alleged Securities Laws violations by Qualcomm.

    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.

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