Kaskela Law LLC is investigating QUALCOMM Incorporated (NASDAQ: QCOM)
(“QUALCOMM” or the “Company”) on behalf of investors.
A shareholder class action complaint has been filed against QUALCOMM on
behalf of investors who purchased the Company’s common stock between
January 31, 2018 and March 12, 2018, inclusive (the “Class
As detailed in the shareholder class action complaint, beginning in late
2017, Broadcom Limited (“Broadcom”) announced a series of unsolicited
proposals to acquire the outstanding shares of QUALCOMM’s common stock.
Unbeknownst and undisclosed to investors, on January 29, 2018, QUALCOMM
secretly filed a voluntary request for the Committee on Foreign
Investment in the United States (“CFIUS”) to initiate an investigation
into Broadcom’s actions in a brazen attempt to frustrate Broadcom’s
attempt to acquire the Company.
Once QUALCOMM’s unilateral secret action was revealed to the market on
March 5, 2018, and as the market continued to learn additional
information about the nature and extent of QUALCOMM’s secret action
vis-à-vis CFIUS, the price of QUALCOMM’s common stock substantially
declined in value. The shareholder class action complaint further
alleges that, as a result of the foregoing, investors purchased
QUALCOMM’s common stock at artificially inflated prices during the Class
Period and sustained significant investment losses once QUALCOMM’s
action was revealed to the market.
Investors who purchased QUALCOMM’s common stock during the Class Period
may, no later than August 7, 2018,
seek to be appointed as a lead plaintiff representative of the investor
class. QUALCOMM investors are encouraged to contact Kaskela Law LLC
(David Seamus Kaskela, Esq.) at (484) 258 – 1585 or (888) 715 – 1740 for
additional information or to discuss their important legal rights and
options. QUALCOMM investors may also visit http://kaskelalaw.com/case/qualcomm/
to submit their information online.
Kaskela Law LLC exclusively prosecutes shareholder actions in state and
federal courts throughout the country on behalf of investors. For
additional information about Kaskela Law LLC please visit www.kaskelalaw.com.
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