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Qualcomm Incorporated

Case Summary

Qualcomm Incorporated Securities Litigation

Case Summary

Case Status:    ONGOING    
On or around 03/26/2018 (Ongoing date of last review)

Filing Date: January 23, 2017

According to the law firm press release, the lawsuit alleges throughout the Class Period Defendants made false and/or misleading statements and/or failed to disclose that: (1) 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; (2) in turn, Qualcomm lacked effective internal controls over financial reporting; and (3) as a result, the Defendants’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

A consolidated Complaint was filed on July 3, 2017.

Company & Securities Information

Defendant: Qualcomm Incorporated

COMPANY INFORMATION:

Sector: Technology
Industry: Communications Equipment
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: QCOM
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.

First Identified Complaint

Rasesh Shah, et al. v. Qualcomm Incorporated, et al.

COURT: S.D. California
DOCKET #: 17-CV-00121
JUDGE: Hon. John A. Houston
DATE FILED: 01/23/2017
CLASS PERIOD START: 02/01/2012
CLASS PERIOD END: 01/17/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. The Rosen Law Firm, P.A. (New Los Angeles)
    355 South Grand Ave, Suite 2450, The Rosen Law Firm, P.A. (New Los Angeles), CA 90071
    (213) 785-2610 (213) 226-4684 ·
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Class Action Complaint for Violation of the Federal Securities Laws 01/23/2017
2 Order Appointing Sjunde Ap-Fonden and Metzler Asset Management GMBH as Lead Plaintiff, Approving their Selection of Lead Counsel, and Consolidating Related Actions 05/04/2017

Reference Complaint

In re Qualcomm Incorporated Securities Litigation

COURT: S.D. California
DOCKET #: 17-CV-00121
JUDGE: Hon. John A. Houston
DATE FILED: 07/03/2017
CLASS PERIOD START: 02/01/2012
CLASS PERIOD END: 01/20/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Bernstein Litowitz Berger & Grossmann LLP (former San Diego)
    12544 High Bluff Drive, Suite 150, Bernstein Litowitz Berger & Grossmann LLP (former San Diego), CA 92130
    858.793.0070 858.793.0323 · blbg@blbglaw.com
  2. Motley Rice LLC (Mount Pleasant)
    28 Bridgeside Boulevard, Motley Rice LLC (Mount Pleasant), SC 29464
    843.216.9000 843.216.9450 · inquiry@motleyrice.com
Reference Complaint (REF) Filings:
No Document Title Filing Date
1 Consolidated Class Action Complaint for Violation of the Federal Securities Laws 07/03/2017
2 U.S. District Court Civil Docket 03/26/2018
 
 

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