EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against Qualcomm Incorporated
Jun. 12, 2018
NEW YORK--(BUSINESS WIRE)--Jun 12, 2018--Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of Qualcomm Incorporated securities (NASDAQ: QCOM) from January 31, 2018 and March 12, 2018, both dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for Qualcomm investors under the federal securities laws.
To join the Qualcomm class action, go to http://www.rosenlegal.com/cases-1030.html or call Phillip Kim, Esq. or Zachary Halper, Esq. toll-free at 866-767-3653 or email email@example.com or firstname.lastname@example.org for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, throughout the Class Period defendants made materially false and misleading statements and 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 defendants’ false statements and/or omission of this material information, Qualcomm securities traded at artificially inflated prices during the Class Period. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 7, 2018. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-1030.html to join the class action. You may also contact Phillip Kim or Zachary Halper of Rosen Law Firm toll free at 866-767-3653 or via email at email@example.com or firstname.lastname@example.org.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. The Rosen Law Firm was Ranked No. 1 by Institutional Shareholder Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180612006070/en/
CONTACT: The Rosen Law Firm, P.A.
Laurence Rosen, Esq.
Phillip Kim, Esq.
Zachary Halper, Esq.
275 Madison Avenue, 34thFloor
New York, NY 10016
Toll Free: 866-767-3653
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: Rosen Law Firm
Copyright Business Wire 2018.
PUB: 06/12/2018 11:20 AM/DISC: 06/12/2018 11:21 AM