Thieler Law Corp advises investors with losses exceeding $100,000 of the August 7, 2018 lead plaintiff deadline in a class action lawsuit filed against QUALCOMM Incorporated (NASDAQ: QCOM) (“QUALCOMM” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of California and investors, who purchased QUALCOMM Incorporated securities between January 31, 2018, and March 12, 2018, have until August 7, 2018 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased QUALCOMM Incorporated securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose to investors that Qualcomm had secretly filed a unilateral notice with the Committee on Foreign Investment in the United States (“CFIUS”) to: (1) frustrate Broadcom’s attempt to acquire Qualcomm; and (2) allow the officers of Qualcomm to entrench themselves in their executive leadership positions at Qualcomm. As a result of the foregoing, investors purchased QUALCOMM's securities at artificially inflated prices during the Class Period and sustained investment losses once QUALCOMM's actions were revealed.

Beginning in November 2017, Broadcom Limited ("Broadcom") revealed a series of unsolicited proposals to acquire all of the outstanding shares of Qualcomm's common stock. 

On January 29, 2018, Qualcomm filed a voluntary request for the Committee on Foreign Investment in the United States ("CFIUS") to initiate an investigation into Broadcom's actions. 

On March 5, 2018, Broadcom issued a press release, entitled "Broadcom Disappointed Will of Qualcomm Stockholders to be Deferred."  According to the press release, Qualcomm's request to CFIUS had "result[e]d in a delay of Qualcomm's Annual Meeting 48 hours before it was to take place" and described Qualcomm's request to CFIUS as "a blatant, desperate act by Qualcomm to entrench its incumbent board of directors and prevent its own stockholders from voting for Broadcom's independent director nominees." 

Following this news, NASDAQ: QCOM fell $2.60, or 4.02%, closing at $62.14 on March 6, 2018.

If you were negatively impacted by your investment in QUALCOMM Incorporated securities between January 31, 2018, and March 12, 2018 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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