ONE WEEK DEADLINE ALERT: Kaskela Law LLC Announces Important August 7, 2018 Deadline in Shareholder Class Action Lawsuit Agai...
31 Luglio 2018 - 6:44PM
Business Wire
Kaskela Law LLC announces that a shareholder class action
lawsuit has been filed against QUALCOMM Incorporated (NASDAQ: QCOM)
(“QUALCOMM” or the “Company”) on behalf of investors who purchased
QUALCOMM’s common stock between January 31, 2018 and March 12,
2018, inclusive (the “Class Period”).
DEADLINE ALERT: Investors who purchased QUALCOMM’s common
stock during the Class Period may, no
later than August 7, 2018, seek to be appointed as a
lead plaintiff representative of the class. QUALCOMM investors are
encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at
(484) 258 – 1585 or (888) 715 – 1740 for additional details about
this action and to discuss their legal rights and options.
Investors may also submit their information to the firm online at
www.kaskelalaw.com/case/qualcomm.
Beginning in late 2017, Broadcom Limited (“Broadcom”) announced
a series of unsolicited proposals to acquire the outstanding shares
of QUALCOMM’s common stock. Unbeknownst and undisclosed to
investors, on January 29, 2018, QUALCOMM secretly filed a voluntary
request for the Committee on Foreign Investment in the United
States (“CFIUS”) to initiate an investigation into Broadcom’s
actions in a brazen attempt to frustrate Broadcom’s attempt to
acquire the Company. After QUALCOMM’s secret actions were revealed
to the market on March 5, 2018, the price of QUALCOMM’s common
stock substantially declined in value.
The complaint alleges that QUALCOMM made a series of materially
false and misleading statements and failed to disclose to investors
that QUALCOMM had secretly filed a unilateral notice with CFIUS in
order to frustrate Broadcom’s attempt to acquire the Company. The
complaint further alleges that, as a result of the foregoing,
investors purchased QUALCOMM’s securities at artificially inflated
prices during the Class Period and sustained significant investment
losses once QUALCOMM’s actions were revealed.
QUALCOMM investors are encouraged to contact Kaskela Law LLC
for additional details about this action and/or to submit their
information to the firm online at
www.kaskelalaw.com/case/qualcomm. Kaskela Law LLC
exclusively represents investors in state and federal courts
throughout the country. For additional information about Kaskela
Law LLC please visit www.kaskelalaw.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20180731005788/en/
KASKELA LAW LLCD. Seamus Kaskela, Esq.201 King of Prussia
RoadSuite 650Radnor, PA
19087484-258–1585888-715–1740skaskela@kaskelalaw.comwww.kaskelalaw.com
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