NEW YORK, Jan. 24, 2017 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP announced that a class action has commenced in the USDC for the Southern District of California on behalf of purchasers of Qualcomm Incorporated (NASDAQ:QCOM) who purchased shares between February 1, 2012 and January 17, 2017.
The complaint alleges that throughout the Class Period Defendants made false and/or misleading statements and/or failed to disclose that: (1) Qualcomm was engaging and/or had engaged in anticompetitive conduct to maintain a monopoly for semiconductors used in mobile phones in violation of the FTC Act; (2) in turn, Qualcomm lacked effective internal controls over financial reporting; and (3) as a result, the Defendants’ public statements were materially false and misleading at all relevant times.
To get more information go to: http://www.zlk.com/pslra/qualcomm
or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
Take Action: if you suffered a loss in Qualcomm you have until March 24, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
Levi & Korsinsky LLP encourages anyone with information regarding Qualcomm’s conduct to contact us, including whistleblowers, former employees, shareholders and others.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.