NEW YORK, Jan. 23, 2017 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at QUALCOMM, Inc. ("QUALCOMM" or the "Company") (Nasdaq: QCOM).
The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose that the Company has engaged in potentially illegal business practices in its interactions with Apple Inc. ("Apple").
Specifically, during aftermarket hours on January 20, 2017, Apple announced that it had filed a suit against QUALCOMM in a California federal court accusing the company of overcharging Apple "billions of dollars" in royalties, withholding nearly $1 billion in rebates, and trying to extort Apple after it cooperated in a Korean regulator's investigation into the chipmaker's licensing practices. After the announcement, QUALCOMM's stock price fell, causing damage to investors.
Request more information now by clicking here: www.faruqilaw.com/QCOM. There is no cost or obligation to you.
If you invested in QUALCOMM stock or options and would like to discuss your legal rights, visit www.faruqilaw.com/QCOM. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding QUALCOMM's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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FARUQI & FARUQI, LLP
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Attn: Richard Gonnello, Esq.
Telephone: (877) 247-4292 or (212) 983-9330
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