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Published 1 month ago

Qualcomm to Pay $75 Million to Resolve Lawsuit Over Sales and Licensing Practices

Summary by Times of San Diego
A sign in front of a Qualcomm building in San Diego. REUTERS/Mike Blake Qualcomm agreed to pay $75 million to resolve a lawsuit in which shareholders accused the chipmaker of defrauding them by hiding its anticompetitive sales and licensing practices. A preliminary all-cash settlement was filed on Tuesday with the federal court in San Diego. It requires approval by U.S. District Judge Jinsook Ohta, who certified the lawsuit as a class action in …

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