Qualcomm has agreed to pay $75 million in an all-cash deal to settle a lawsuit in which shareholders accused the chipmaker of defrauding them by hiding its anticompetitive sales and licensing practices. The lawsuit alleged that Qualcomm misled the market by stating it kept its licensing and chip-supply businesses separate while bundling the two in negotiations and agreements. The settlement comes after ongoing legal battles, including complaints from Apple and government regulators. Six individual defendants, including former CEOs, denied any wrongdoing.
Qualcomm investors asked a judge to greenlight a $75 million settlement that would resolve claims the chipmaker misled the market by stating it kept its licensing and chip-supply businesses separate when it bundled the two in negotiations and agreements. https://t.co/I7i6bOBAlN https://t.co/LDoZ8ozjVx
Last remnants of Apple versus Qualcomm battle resolved, as shareholders get $75M https://t.co/AFieLPMTsw by @benlovejoy
Qualcomm has settled a lawsuit for $75 million. Shareholders accused the chipmaker of hiding anticompetitive practices. Six individual defendants, including former CEOs, denied wrongdoing. https://t.co/Mj2s1dVP3V https://t.co/NfqVYkGXjg
Qualcomm agrees to pay $75M in all-cash deal to settle licensing suit https://t.co/8UUPA1LnCg
Qualcomm agrees to pay $75 million to end lawsuit linked to Apple complaints https://t.co/mtMXUKVp35
Qualcomm agrees to pay $75 million to end lawsuit linked to Apple complaints: Illustration by Alex Castro / The Verge Qualcomm’s shareholders have managed to achieve something that Apple and government regulators across the globe tried to… https://t.co/rxNVAaIrUN #ai #ainews
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Qualcomm agreed to pay $75 million to resolve a lawsuit in which shareholders accused the chipmaker of defrauding them by hiding its anticompetitive sales and licensing practices. https://t.co/NE71ezQM3n