06-13-2018 06:45 PM CET - Business, Economy, Finances, Banking & Insurance
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Lawsuit for Investors in NASDAQ:QCOM against QUALCOMM Incorporated filed

Press release from: Shareholders Foundation
A lawsuit was filed on behalf of investors in QUALCOMM Incorporated (NASDAQ: QCOM) shares over alleged securities laws violations.
A lawsuit was filed on behalf of investors in QUALCOMM Incorporated (NASDAQ: QCOM) shares over alleged securities laws violations.
An investor, who purchased shares of QUALCOMM Incorporated (NASDAQ: QCOM), filed a lawsuit in the over alleged violations of Federal Securities Laws by QUALCOMM.

Investors who purchased shares of QUALCOMM Incorporated (NASDAQ: QCOM) have certain options and for certain investors are short and strict deadlines running. Deadline: August 7, 2018. NASDAQ: QCOM investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Beginning in late 2017, Broadcom announced a series of unsolicited proposals to acquire all of the outstanding shares of QUALCOMM's common stock. The Committee on Foreign Investment in the United States ("CFIUS") is "an inter-agency committee authorized to review transactions that could result in control of a U.S. business by a foreign person ('covered transactions'), in order to determine the effect of such transactions on the national security of the United States."

The plaintiff claims that unbeknownst and undisclosed to investors, on January 29, 2018, QUALCOMM Incorporated secretly filed a voluntary request for CFIUS to initiate an investigation into Broadcom's actions in a brazen attempt to frustrate Broadcom's attempt to acquire the Company.

Once the Company's unilateral secret action was revealed to the market on March 5, 2018, and as the market continued to learn additional information about the nature and extent of QUALCOMM's secret action vis-à-vis CFIUS, and the ramifications therefrom, the price of the Company's common stock declined substantially.

The plaintiff claims that between January 31, 2018, and March 12, 2018, the defendants made 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.

Those who purchased shares of QUALCOMM Incorporated (NASDAQ: QCOM) have certain options and should contact the Shareholders Foundation.

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

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