|[February 15, 2017]
The Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of QUALCOMM Incorporated Investors and Encourages Investors to Contact the Firm
Offices of Howard G. Smith announces that a class action lawsuit has
been filed on behalf of investors who purchased QUALCOMM Incorporated
("QUALCOMM" or the "Company") (NASDAQ: QCOM)
securities between February 1, 2012 and January 17, 2017,
inclusive (the "Class Period"). QUALCOMM investors have until March
24, 2017 to file a lead plaintiff motion.
Investors suffering losses on their QUALCOMM investments are encouraged
to contact the Law Offices of Howard G. Smith to discuss their legal
rights in this class action at 888-638-4847 or by email to email@example.com.
According to the complaint filed in this class action lawsuit,
throughout the Class Period Defendants made false and/or misleading
statments regarding its alleged anticompetitive behavior, 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 (News - Alert) 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.
On January 17, 2017, Bloomberg (News - Alert) reported that U.S. antitrust officials
were preparing a lawsuit against QUALCOMM for allegedly utilizing unfair
practices and creating a monopoly over the processing chips used in
cellphones. The government's allegations allegedly pertain to licensing
agreements QUALCOMM entered into with Apple (News - Alert), Inc. to exclusively supply
chips for Apple, Inc. phones.
On this news, shares of QUALCOMM fell over 4% on January 17, 2016.
If you purchased shares of QUALCOMM during the Class Period you may move
the Court no later than March 24, 2017 to ask the Court to
appoint you as lead plaintiff if you meet certain legal requirements. To
be a member of the Class you need not take any action at this time; you
may retain counsel of your choice or take no action and remain an absent
member of the Class. If you wish to learn more about this action, or if
you have any questions concerning this announcement or your rights or
interests with respect to these matters, please contact Howard G. Smith,
Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite
112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847,
toll-free at (888) 638-4847, or by email to firstname.lastname@example.org,
or visit our website at http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170215005350/en/
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