Levi & Korsinsky, LLP announces the filing of a class action lawsuit in the USDC for the Southern District of California on behalf of shareholders of Qualcomm Incorporated (NASDAQ: QCOM) who purchased shares between February 1, 2012 and January 17, 2017.
The complaint alleges that 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.
If you suffered a loss in Qualcomm you have until March 24, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
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