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Qualcomm Shares Are Trading Lower: What's Going On? - Qualcomm (NASDAQ:QCOM)

Summary by Benzinga
Qualcomm Inc. (NASDAQ:QCOM) shares are trading lower Thursday afternoon. The company has agreed to pay $75 million to settle a shareholder lawsuit. What Happened: According to a report from The Verge, shareholders brought a lawsuit against Qualcomm, accusing the company of misleading investors about its patent licensing practices. The core of the dispute centered around unfair business practices in which Qualcomm allegedly tied negotiations for…

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BenzingaBenzinga

Qualcomm Shares Are Trading Lower: What's Going On? - Qualcomm (NASDAQ:QCOM)

Qualcomm Inc. (NASDAQ:QCOM) shares are trading lower Thursday afternoon. The company has agreed to pay $75 million to settle a shareholder lawsuit. What Happened: According to a report from The Verge, shareholders brought a lawsuit against Qualcomm, accusing the company of misleading investors about its patent licensing practices. The core of the dispute centered around unfair business practices in which Qualcomm allegedly tied negotiations for…

·New York, United States
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Benzinga broke the news in New York, United States on Thursday, June 20, 2024.
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