NEW ORLEANS–(BUSINESS WIRE)–lt;a href="https://twitter.com/search?q=%24QCOM&src=ctag" target="_blank"gt;$QCOMlt;/agt; lt;a href="https://twitter.com/hashtag/QCOM?src=hash" target="_blank"gt;#QCOMlt;/agt;–Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a
partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces
that KSF continues its investigation into QUALCOMM Incorporated
In January 2017, the U.S. Federal Trade Commission (“FTC”) filed suit
against the Company for anti-competitive trade practices alleging that
it maintained a monopoly over chips for mobile phones using policies
that violated industry agreements by demanding high fees from customers
to license its standard essential patents (“SEPs”) to buy its chips,
refusing to license its SEPs to competitors, and entering into an
exclusivity contract with Apple preventing other chip suppliers from
working with it. The Court granted the FTC’s motion for partial summary
judgment finding that industry agreements required Qualcomm to license
its SEPs to modem chip suppliers, noting that both its own practices and
statements emphasized in prior litigation contradict its present
position that the industry agreements permit it to discriminate against
The Company has been sued in a securities class action lawsuit for
failing to disclose material information regarding the above trade
practices, violating federal securities laws. Recently, the court in
that case denied the Company’s motion to dismiss, allowing the case to
KSF’s investigation is focusing on whether Qualcomm’s officers and/or
directors breached their fiduciary duties to Qualcomm’s shareholders or
otherwise violated state or federal laws.
If you have information that would assist KSF in its investigation, or
have been a long-term holder of Qualcomm shares and would like to
discuss your legal rights, you may, without obligation or cost to you,
call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis
or visit https://www.ksfcounsel.com/cases/nasdaqgs-qcom/
to learn more.
About Kahn Swick & Foti, LLC
KSF, whose partners include Former Louisiana Attorney General Charles C.
Foti, Jr., is a law firm focused on securities, antitrust and consumer
class actions, along with merger & acquisition and breach of fiduciary
litigation against publicly traded companies on behalf of shareholders.
The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner