Lawsuit for Investors in Shares of QUALCOMM, Inc. (NASDAQ:QCOM) Announced by Shareholders Foundation

SAN DIEGO, CA / ACCESSWIRE / January 31, 2017 / The Shareholders Foundation, Inc. announces that a lawsuit was for certain purchasers of NASDAQ: QCOM shares against QUALCOMM, Inc. over alleged Securities Laws Violations.

Investors who purchased shares of QUALCOMM, Inc. (NASDAQ: QCOM) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(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.

Those who purchased QUALCOMM, Inc. (NASDAQ: QCOM) shares should contact the Shareholders Foundation, Inc.

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

CONTACT:

Shareholders Foundation, Inc.

Michael Daniels

+1 (858) 779-1554

mail@shareholdersfoundation.com

3111 Camino Del Rio North

Suite 423

San Diego, CA 92108

SOURCE: Shareholders Foundation, Inc.

ReleaseID: 453913