Class Action Lawsuit on Behalf of Qualcomm, Inc. Investors
Qualcomm, Inc. Lawsuit Details
Gilman Law LLP has announced that on June 19, 2015 a federal securities lawsuit was filed on behalf of an investor in Qualcomm, Inc. (NASDAQ: QCOM). The complaint alleges the company’s directors allowed the bribery of Chinese officials which lead to a Foreign Corrupt Practices Act investigation by federal agents. The company said it discovered gifts and other benefits totaling no more than $250,000 to several people associated with Chinese state owned companies. The lawsuit seeks to recover damages stemming from the alleged misconduct and to force the company to make improvements of its corporate governance and internal procedures to ensure that similar events will not happen in the future.
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