SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of QUALCOMM Incorporated
June 18 2018 - 4:15PM
Business Wire
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 Period”).
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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version on businesswire.com: https://www.businesswire.com/news/home/20180618006221/en/
Kaskela Law LLCDavid Seamus Kaskela, Esq.201 King of
Prussia RoadSuite 650Radnor, PA
19087484-258-1585888-715-1740www.kaskelalaw.comskaskela@kaskelalaw.com
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